MACD - divergence semi-automatic scanner for TradeStation

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

Since true divergences rarely occur, it makes sense to scan many trading vehicles when looking for these important patterns.