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PRODUCT DETAIL - ITEM # S032

BK001 Scanners for TradeStation: MACD Divergences and Force Index extremes
Dr Alexander Elder and John Bruns (Author)

MACD divergences are disagreements between the patterns of prices and the indicator.  They are among the most powerful signals in technical analysis.  Dr. Elder addressed divergences in all of his books, and he dedicated an entire e-book to them, with dozens of charts that show how to identify and trade divergences.

His innovative 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 highly 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 focus on that chart, getting ready for action.

Force Index extreme scanner is the latest tool for identifying tops and bottoms.  Whenever the Force Index rises above or falls below its 3-ATR channel, it signals that the ticker has reached an area of an unsustainable extreme. That’s where rallies and declines become exhausted and prices tend to reverse.  This is one of very few tools that are equally efficient in calling both top and bottom areas.



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List Price: $339.00  

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