Simple but effective screener (RSI(5) + SMA(25))

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  • 01/09/2019 at 11:37 PM #88277 quote
    Domingos Amoedo
    Participant
    Junior

    Hello. I want to build a screener that show me the stocks that match the following criteria:

    a) long ENTRY:

    1. 25 day simple moving average going up, and

    2. RSI 5 periods is about to cross up level 20.

    b) short ENTRY

    1. 25 day simple moving average going down, and
    2. RSI 5 periods is about to cross down level 70

    Thank you in advance.

    01/09/2019 at 11:47 PM #88278 quote
    robertogozzi
    Moderator
    Master

    1 – what do you mean by SMA25 going up? Simply > than the previous candle or also below price in an uptrend?

    2 – what do you mean by RSI5 about to cross up 20? 19.8, 19.0,…. or simply greater than the previous candle but still < 20?

    01/10/2019 at 10:56 PM #88344 quote
    Domingos Amoedo
    Participant
    Junior
    1. what do you mean by SMA25 going up? Simply > than the previous candle or also below price in an uptrend?

    Simply > than the previous candles in an uptrend

    2. what do you mean by RSI5 about to cross up 20?

    19,8, 19,7… not less than 19.5.

    Thanks a lot.

    01/10/2019 at 11:58 PM #88346 quote
    robertogozzi
    Moderator
    Master

    With the above parameters I could not get any entry. To test it I had to use SMA100 + RSI5 with limits 15-20 and 70-75, but you’ll find those that suit you best:

    Sma25  = Average[25,0](close)
UPsma  = close > Sma25 AND Sma25 > Sma25[1]
DNsma  = close < Sma25 AND Sma25 < Sma25[1]
Rsi5   = Rsi[5](close)
UPrsi  = Rsi5 > Rsi5[1] AND Rsi5 <= 20 AND Rsi5 >= 19.5
DNrsi  = Rsi5 < Rsi5[1] AND Rsi5 >= 70 AND Rsi5 <= 70.5
Result = 0
IF UPsma AND UPrsi THEN
   Result = 1                      //1 = LONG  entry
ELSIF DNsma AND DNrsi THEN
   Result = 2                      //2 = SHORT entry
ENDIF
SCREENER[Result] (Result AS "L/S")
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Simple but effective screener (RSI(5) + SMA(25))


ProScreener: Market Scanners & Detection

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Domingos Amoedo @domingos-amoedo Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
7 years, 2 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 01/09/2019
Status: Active
Attachments: No files
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