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  • Breadth divergence indicator, Linda Raschie...

    Raschie in Street Smarts writes about breadth divergence. think that doing a spread between the $tick and the $ spx would show great opportunities....

    How do you do this? The normal way on E signal does NOT work.

    $tick + $spx does not work.

    The guys at support suggested that it was because the two things were numerically so different that it does not display.

    Can someone out here help? I'm telling you breadth divergences work, to display it better may mean money.

    Thanks. Chris

  • #2
    Chris
    AFAIK a spread is one security minus another. Irrespective in the example you mention you need to have a space only before the operator ie.
    $TICK +$SPX.
    If you type this while you have a chart selected the result will be plotted on the price pane.
    If instead you want to plot it as an indicator in a separate pane use the attached Spread.efs.
    The script is set by default to create a spread between SPY and QQQ but the symbols can be modified through Edit Studies.
    If you want to change the defaults use the Editor and change the symbols in Lines 21 and 24. If you want to change the operator substitute the minus sign in Line 30
    Hope this helps
    Alex
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