CPTX81 New User Posts: 1 Joined: 1/5/2015  User Profile | I am looking for help, creating a system/strategy that will base entry and exit points off divergence- particularly in reference to the indexes. For example, I am trying to make a "buy signal" happen when the S&P index ($SPX) breaks away from the price movement that a symbol is doing, like the ETF for the iShares Russell 2000 - IWM. The attached chart (using the "Typical Price Indicator" overlaying "$SPX"....) with this post, has 1 example of this. Beginning early June 2014, both the IWM and $SPX began very similar price movement. Once the price movement changed about a week into the month, the $SPX began to decline in value- yet IWM went up. If I can use these large "breaks" or departure in price as an entry condition/filter, it could help me out a great deal. Thank you so much for your help!!! Best Regards, CP  Attached file : IWMExampleDivergence.png (45KB - 403 downloads) |
