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

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]

 

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Filename: PRC_DeepOversold-TrendingStock.itf
Downloads: 603
Nicolas Master
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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