Elder – MACD Divergence Semi-Automatic Scanner For Tradestation
Divergences are disagreements between the patterns of prices and indicators. They are among the most powerful signals in technical analysis. Dr. Elder addressed divergences in all of his books, and he recently dedicated an entire e-book to them, with dozens of charts that show how to identify and trade divergences.
Since true divergences rarely occur, it makes sense to scan many trading vehicles when looking for these important patterns.
While writing his e-book on divergences, Dr. Elder came up with this concept: instead of trying to create an automatic scanner, why not build a semi-automatic scanner that will signal when a divergence may be developing. Use the power of digital processing to identify market conditions in which divergences are likely to occur – and then switch to a visual scan of those charts. We created this program to alert you when a divergence may be developing, so that you can start monitoring that chart.
To add MACD Semi-Automatic Divergence Scanner to a TradeStation chart, simply right-click on a chart and choose “Insert analysis technique”. Then select either “Elder Bullish Divergence” and/or “Elder Bearish Divergence.”
If you have Radar Screen enabled in TradeStation, you can use the “Elder Bullish Divergence” and the “Elder Bearish Divergence” ShowMe indicators to find securities that are currently building up divergences. This is very helpful for scanning large groups, such as Nasdaq 100 or S&P 500. The scanner column displays a value only if a potential or actual divergence is present.
What You’ll Learn In MACD Divergence Semi-Automatic Scanner For Tradestation?
- MACD Semi-Automatic Divergence Scanner.pdf
- Elder MACD Divergence.ELD
More courses from the same author: Elder
When will I receive my course?
You will receive a link to download your course immediately or within 1 to 21 days. It depends on the product you buy, so please read the short description of the product carefully before making a purchase.
How is my course delivered?
We share courses through Google Drive, so once your order is complete, you’ll receive an invitation to view the course in your email.
To avoid any delay in delivery, please provide an Gmail and enter your email address correctly in the Checkout Page.
In case you submit a wrong email address, please contact us to resend the course to the correct email.
How do I check status of my order?
Please log in to TradingAZ account then go to Order Page. You will find all your orders includes number, date, status and total price.
If the status is Processing: Your course is being uploaded. Please be patient and wait for us to complete your order. If your order has multiple courses and one of them has not been updated with the download link, the status of the order is also Processing.
If the status is Completed: Your course is ready for immediate download. Click “VIEW” to view details and download the course.
Where can I find my course?
Once your order is complete, a link to download the course will automatically be sent to your email.
You can also get the download link by logging into your TradingAZ account then going to Downloads Page.
There are no reviews yet.