Is anyone aware of a scan or indicator that compares the 1) slope of the price action to the 2) the slope of accumulation? Using a dynamic period of time to identify when they diverge? I.E. price is falling but accumulation is rising?
Specifically I'm hoping to find a scanner that uses criteria similar to this:
1. Daily chart
2. SMA 9
3. Accumulation length=14 (for smoothing)
4. Identifies starting position of the comparison as the bar of the last pivot down on price
5. identifies the ending position of the comparison as the bar in which accumulation ceases or drastically decreases
6. triggers based on the relationship between the two slopes. such as SMA -xx, Accumulation +xx (i don't know what the values would actually be and could probably experiment if the other components were working)
Below is a picture of NRXP from 4/26/2021 to 5/24/2021. You can see that as soon as the price began to fall on 4/27 the accumulation began rising. Then accumulation halted on 5/14/2021 and the price jumped on 5/20/2021. I've drawn an arrow on the two indicators to illustrate the pattern I'm looking for.
Hopefully this makes sense!
Specifically I'm hoping to find a scanner that uses criteria similar to this:
1. Daily chart
2. SMA 9
3. Accumulation length=14 (for smoothing)
4. Identifies starting position of the comparison as the bar of the last pivot down on price
5. identifies the ending position of the comparison as the bar in which accumulation ceases or drastically decreases
6. triggers based on the relationship between the two slopes. such as SMA -xx, Accumulation +xx (i don't know what the values would actually be and could probably experiment if the other components were working)
Below is a picture of NRXP from 4/26/2021 to 5/24/2021. You can see that as soon as the price began to fall on 4/27 the accumulation began rising. Then accumulation halted on 5/14/2021 and the price jumped on 5/20/2021. I've drawn an arrow on the two indicators to illustrate the pattern I'm looking for.
Hopefully this makes sense!