Nicolas

Deep oversold trending stock screener

Category: Screeners By: Nicolas Created: January 15, 2018, 9:41 AM
January 15, 2018, 9:41 AM
Screeners
2 Comments
Deep oversold trending stock screener

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
//15.01.18
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//translated from AFL code

ProfitSer = ROC[1](Close)
ProfitSMA = average[100](ProfitSer)
sqn = sqrt(100) * ProfitSMA / StD[100](ProfitSer)

Filter = RSI[2] < 10 AND sqn >= 2.5 AND Average[52](Close*Volume) > 3000000

screener [Filter]

 

Download
Filename: PRC_DeepOversold-TrendingStock.itf
Downloads: 605
Nicolas
Nicolas Legend
I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems. If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!
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Comments

styrke
9 years ago
#

Hello Nicolas, Nice screener, I appreciate the way you always try to condense at maximum the code you propose. Why do not use the Stochastic in this case? (in another way, for which reasons did you choose the RSI)? Thanks

Nicolas
9 years ago
#

There's no particular reason. RSI is widely use with its default period and results seems relevant for what it's supposed to be found here.

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