Based on a mean reversion hypothesis with the classic RSI 2 periods, this stock screener will fetch and find stocks that are in a long term trend and with sufficient Volumes.
The RSI 2 periods with oversold criteria (RSI is below 10) should give a good opportunity to set long order.
//PRC_DeepOversold TrendingStock | screener
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//translated from AFL code
ProfitSer = ROC(Close)
ProfitSMA = average(ProfitSer)
sqn = sqrt(100) * ProfitSMA / StD(ProfitSer)
Filter = RSI < 10 AND sqn >= 2.5 AND Average(Close*Volume) > 3000000
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