ramnaor
1 posts
msg #107895
- Ignore ramnaor |
9/3/2012 6:01:34 AM
A bullish Divergence on the Slow Stochastic indicator occures when price records a lower low , but the Stochastic Indicator
forms a higher low. This shows less downside momentum that could hint on a bullish reversal to come. A good example for a Bullish Divergence is the lower low on the S&P 500 on June 4,2012. The Slow Stochastic (15,3) made a higher low which started a big reversal in the market.
I would like very much to see a filter that will list all stocks that are in a state of this Bullish Divergence.
As a matter of fact it seems to me that if you have the incomplete double-bottom you are half way through to create the Bullish Divergence.
If in an incomplete double-bottom situation the slow Stochastic % D value is higher then it was on the first bottom then the stock is a candidate for a bullish divergence. As long as the price continues lower and % D value is
higher than it was on the first bottom the Stock is in a Bullish Divergence Situation. The Bullish Divergence is complete when the value % D crosses over the value % K.
Please let me know if this can be done.
Thanks, Ram naor
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