Metastock gurus Haspete and Lindfield need some help with a couple of basic scans.
Looking for when RSI(2) is above 90 and when RSI(2) is below 10 on a daily and weekly basis
Also another scan of when the RSI(2) daily crosses the RSI(2) weekly
Basically what I am looking for is using the above settings to scan for future stocks that may develop divergence ie higher lows on the RSI(2) and lower lows in price.
To trade I also look for divergence with a MACD setting of 2,3,1 (can't get the MACD looking right with metastock but looks fine with IGmarkets or www.advfn.com).
The perfect set up is to have the divergence on a weekly and daily time frame. Just playing with it at present but really need some sort of scan to look for stocks that may be starting to set up
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