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(close)
condition = i1>70 AND i1>70 AND i1>70 AND i1>70 AND i1>70 AND i1 crosses under 70
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.ProRealTime ITF files and other attachments :