Oversold based RSI Screener

Oversold based RSI Screener

Author: financnipi

RSI is an indicator that can be sais oversold or overbought, and this may foresee some trend reversals. In this example, we will pick up all the stocks “oversold”, considering hourly bars.

“Oversold” is defined by RSI < 30. This is as much significant as the RSI is near of the zero line.

So we will build a screener that returns all the stocks where RSI < 30 and we will keep thoose that have the lowest RSI values.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. Theopolis • 10/20/2015 #

    Hi, is it possible to adjust this screener for 5 min timeframe instead of daily?

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