This stock screener returns stocks quitting the overbought territory that have been settled the last 5 days : stock is above the 70 level of the RSI 10 periods and now quit by crossing under it.

Potential reversal to the mean or trend exhausting is the main idea.

i1 = RSI[10](close)

condition = i1[1]>70 AND i1[2]>70 AND i1[3]>70 AND i1[4]>70 AND i1[5]>70 AND i1 crosses under 70

SCREENER [condition]

Download

Filename: RSI-Bearish-Crossover.itf

Downloads: 129

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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