Back Testing code on stocks with 30 days RSI oversold

Olirussell11 · 2018-11-20T09:42:56+00:00

To whom it may concern I would like to back test using following parameters I would like to Buy when the following three paramters are meet 30 day RSI is below 30 If a share trades 30 % above three month average volume If a share is down by more than 3% Please If any one could help Regards Oliver

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11/20/2018 at 10:42 AM #85286 quote
Olirussell11
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To whom it may concern

I would like to back test using following parameters

I would like to Buy when the following three paramters are meet
- 30 day RSI is below 30
- If a share trades 30 % above three month average volume
- If a share is down by more than 3%
Please If any one could help

Regards

Oliver
11/20/2018 at 11:42 AM #85300 quote

robertogozzi
Moderator

Legend

If a share is down by more than 3%, compared to…?

11/20/2018 at 12:11 PM #85305 quote

Olirussell11
Participant

New

Hi Robert,

just If the share is down 3% on any given day

11/20/2018 at 12:34 PM #85308 quote
robertogozzi
Moderator

Legend
There you go (for the Daily TF):
```
c1 = volume > Average[60,0](volume) //3 months is about 60 trading days
c2 = Rsi[30](close) < 30
c3 = close < (close[1] * 0.97)
IF c1 AND c2 AND c3 AND not OnMarket THEN
   BUY 1 SHARE AT MARKET
ENDIF
```
11/20/2018 at 12:36 PM #85310 quote

Olirussell11
Participant

New

Thank you so much Robert!!

11/20/2018 at 12:48 PM #85312 quote

Olirussell11
Participant

New

Hi Robert,

My back test is coming up with no results but when i back test on my Reuters manually I get multiple entry points! I just would like to confirm following

That we would buy a stock when the following 3 criteria happen

1- Share below 30 on 30 Day RSI

2- Volume traded is 1.3 X 3 month Average Volume on any given day

3 – Share is down by more than 3 %

Thank you once again for all your help!

11/20/2018 at 1:39 PM #85319 quote
robertogozzi
Moderator

Legend
Replace line 1 with
```
c1 = volume >= (Average[60,0](volume) * 1.3) //3 months is about 60 trading days
```
but this will make it more difficult to get results!

On what instruments are you testing it?
11/21/2018 at 1:39 AM #85370 quote
robertogozzi
Moderator

Legend
It works as from attached pic. Very few trades, though.

I made a screener out of your strategy, test it on your preferred watchlist:
```
c1 = volume > Average[60,0](volume)
c2 = Rsi[30](close) < 30
c3 = close < (close[1] * 0.97)
x  = c1 AND c2 AND c3
SCREENER[x]
```
x-12.jpg
11/21/2018 at 8:30 AM #85377 quote

Olirussell11
Participant

New

Hi Roberto,

Thank you so much!!

Ill try it today have a great day!
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