Advanced Stochastic Divergence SCAN custom thinkorswim TOS SCAN

Advanced Stochastic Divergence SCAN for Thinkorswim TOS

This customized scanner will find all Positive/Negative (bearish/bullish) Stochastic Divergence based on your settings.

Link:http://www.patternsmart.com/cart/index.php?route=product/product&path=57_79&product_id=278

The algorithm of this SCAN is same as our Stochastic Divergence indicator.

This Advanced scanner is specially made for experienced traders.

For example, you can search Stochastic Divergence signals in a short range, such as 15 bars(applicable to any time period).

You can also search in a long range, such as 60 or 100 bars. Furthermore, you can specify the percentage of price change between 2 Highs and the percentage of Stochastic value change which are used to find the Divergence.

It makes possible to scan on very complex conditions.

Example 1, scan Negative (bearish) Stochastic Divergence if current High is the peak within 15 bars, and it’s 5% greater than the peak from 25 bars ago. At the same time, the current Stochastic value is 8% less than the Stochastic value of that peak from 25 bars ago.

Example 2, scan Positive (bullish) Stochastic Divergence if current Low is the trough within 5 bars, and it’s 3% less than the trough from 15 bars ago. At the same time, the current Stochastic value is 10% greater than the Stochastic value of that trough from 15 bars ago.

Features:

• You can change all Stochastic (Relative Strength Index) parameters:
  • length: The number of bars used to calculate the Stochastic.
  • price: The price used to calculate the Stochastic.
  • average type: The type of moving average to be used in calculations: simple, exponential, weighted, Wilder’s, or Hull.
• Length 1&2: Define the range of bars which are used to calculate the recent High and previous High, as shown in picture.
• Percent: The difference between High1 and High2, as shown in picture.
• Stochastic_Percent: The difference between Stochastic1 and Stochastic2, as shown in picture.
• Scan in many time frames, 5mins, 15mins, 30mins, 1 day, 1 week, 1 month.
• Applicable for all securities(Stocks, Futures, Forex, Options,ETF, etc.).

Regular price: $99.

$99, $29 with purchase of our Stochastic Divergence indicator.