CRSI screener code

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05/06/2023 at 5:52 AM #214221 quote

Participant

Junior

Hello the community, hope you’re doing well.

i need your help to make a screener that detects when Connor’s RSI is green in the bottom, by experience that indicates that price hit its low and a technical bounce follows.

I tried create it in Prorealtime software, but the result is not good.

Can you please help with the code manually ?

Thanks

(i’m using default CRSI settings, didn’t change them)

crsi.jpg

05/06/2023 at 12:27 PM #214230 quote

Participant

Master

Hi,

When you use this code for the Connors RSI, you can use this screener…

(OverSold level = 10)

PeriodRSI = 3
PeriodStreak = 2
PeriodROC = 100

Once DownBar=0
Once UpBar=0
Once UpDownBars=0

//Part 1 : Calculate RSI
MyRSI=RSI[PeriodRSI](close)
 
//Part 2 : Determine Streak Values and calculate a RSI over it
if barindex > 0 then
if close > close[1] then
UpBar=UpBar+1
DownBar=0
elsif close < close[1] then
DownBar=DownBar-1
UpBar=0
else
DownBar=0
UpBar=0
endif
UpDownBars = UpBar + DownBar
endif
 
MyRSILenght=RSI[PeriodStreak](UpDownBars)

//Part 3 : Determine PercentRank by comparing current percentage change to 100(PeriodROC) earlier 1-candle percentage changes
TodayROC = ROC[1](close)

EventTeller = 0
for i=0 to (PeriodROC-1) do
Earlier1DayROC = ROC[1](close[1+i])
if Earlier1DayROC < TodayROC THEN
//Count how many times an earlier 1 candle ROC was smaller then today's
EventTeller = EventTeller + 1
endif
next

PercentRank = (EventTeller / PeriodROC) * 100

//Part 4 : Calculate ConnersRSI
ConnorsRSI=(MyRSI+MyRSILenght+PercentRank )/3
 
C1=ConnorsRSI<10

Screener[C1](C1 as "OverSold<10")

sam00075 thanked this post

05/06/2023 at 8:05 PM #214241 quote

sam00075

Participant

Junior

Thank you JS, it works like a wonder. Is there a way to add a high volume condition into it ? Like :

Screener Break Out with high volume

05/06/2023 at 9:29 PM #214242 quote

Participant

Master

Hi,

Since it is a kind of “breakout” I would use this for the volume:

C2=Volume>Average[10](Volume)

PeriodRSI = 3
PeriodStreak = 2
PeriodROC = 100

Once DownBar=0
Once UpBar=0
Once UpDownBars=0

//Part 1 : Calculate RSI
MyRSI=RSI[PeriodRSI](close)
 
//Part 2 : Determine Streak Values and calculate a RSI over it
if barindex > 0 then
if close > close[1] then
UpBar=UpBar+1
DownBar=0
elsif close < close[1] then
DownBar=DownBar-1
UpBar=0
else
DownBar=0
UpBar=0
endif
UpDownBars = UpBar + DownBar
endif
 
MyRSILenght=RSI[PeriodStreak](UpDownBars)

//Part 3 : Determine PercentRank by comparing current percentage change to 100(PeriodROC) earlier 1-candle percentage changes
TodayROC = ROC[1](close)

EventTeller = 0
for i=0 to (PeriodROC-1) do
Earlier1DayROC = ROC[1](close[1+i])
if Earlier1DayROC < TodayROC THEN
//Count how many times an earlier 1 candle ROC was smaller then today's
EventTeller = EventTeller + 1
endif
next

PercentRank = (EventTeller / PeriodROC) * 100

//Part 4 : Calculate ConnersRSI
ConnorsRSI=(MyRSI+MyRSILenght+PercentRank )/3
 
C1=ConnorsRSI<10

//Part 5 : Volume breakout
C2=Volume>Average[10](Volume)

Screener[C1 and C2](C1 as "OverSold<10 + Volume")

sam00075 thanked this post

05/07/2023 at 1:38 AM #214243 quote

sam00075

Participant

Junior

Thank you a lot. it works nicely. Just is it normal to see this message ? you have more than one screener instruction in your code, please edit it accordingly to use multiple criteria sorting.

05/07/2023 at 6:23 AM #214244 quote

Participant

Master

Hi,

If you are using version 12 of PRT, maybe “multiple criteria sorting” is a new feature in V12…

05/07/2023 at 6:37 AM #214245 quote

sam00075

Participant

Junior

Yes, that’s probably the reason. Thanks again for your reactivity.

JS thanked this post