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  • 5 years ago
_Program 83, designed for TradeStation Radarscreen and Scanner, looks for regular bullish and bearish divergences between a price and each of sixteen oscillators (see below). The number of oscillators for which there is bullish divergence or bearish divergences is summed for each bar. The two sums are plotted in Radarscreen and available within TradeStation Scanner.

_Program83 is based on _Program62 but rather than just looking for divergence in one user selected oscillator, it simultaneously looks for divergence in 16 separate oscillators and sums the number of bullish and bearish divergence for each bar.

The download package for _Program83 includes _Program83 AND _Program83-tester, a separate indicator, which shows divergences for individual oscillators (similar to _Program62) but does not do the analysis and divergence summation found in _Program83. The above image shows _Program83 with testing syntax un-commented together with _Program83-tester applied several times with different oscillators selected.

_Program83 may only be applied to Radarscreen and Scanner, _Program83-test may be applied to charts as well.

See https://markplex.com/easylanguage-programs/program-83-sum-of-stochastic-rsi-tsi-cci-macd-and-stochastic-of-rsi-divergences/
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