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There are many different ways to check for divergences. One of the simplest is to use Rate of change indicator and EXPLORATION feature of Automatic Analysis window:

– Analysis -> Formula Editor
– enter:
 
// 5 day rate of change of close
PriceUp = ROC( C, 5 ) > 0 ;
// 5 day rate of change of MACD histogram
MacdUP = ROC( MACD() - Signal(), 5 ) > 0;
BullishDiv = NOT PriceUP AND MACDUp;
BearishDiv = PriceUP AND NOT MACDUp;
Filter = BullishDiv OR BearishDiv;
AddColumn( BullishDiv, "Bullish Divergence", 1.0,
       colorDefault, IIf(BullishDiv, colorGreen, colorDefault ) ); 
AddColumn( BearishDiv , "Bearish Divergence", 1.0,
       colorDefault, IIf(BearishDiv , colorRed, colorDefault) )

– Tools -> Send to Auto-analysis
– Apply to: All Symbols, N last quotations = 1
– press EXPLORE

Tools -> Send to Auto-analysis- Apply to: All Symbols, N last quotations = 1- press EXPLORE

A different approach can use linear regression instead:
 
// 10 day linear regression slope of close
PriceUp = LinRegSlope( C, 10 ) > 0 ;
// 10 day linear regression slope of MACD histogram
MacdUP = LinRegSlope( MACD() - Signal(), 10 ); 

Filed by AmiBroker Support at 6:54 pm under Indicators
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