Simple RSI Screener

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    Posts
  • 02/04/2024 at 11:04 AM #227374 quote
    swingforyoursupper
    Participant
    New

    Hi

     

    Need a real simple screener

    RSI 8 day goes below 30 at any point over the last 5 days

    I created something but its pulling in stocks that havent met this condition

    Any help much appreciated

     

    daycount = 5
myRSI=RSI[14](Close)
C1=myRSI Crosses Under 30 //Buy signal
SCREENER [C1]

Crossover=0

For i = 0 to daycount
if myRSI[i] crosses under 30 then
CrossOver=1
break
endif
next

SCREENER [Crossover]
    02/04/2024 at 1:20 PM #227378 quote
    MoneyPenny
    Participant
    New

    Hi @swingforyoursupper

    I use about the same screener:

    myRSI=RSI[8](Close)

    Cond1=(myRSI Crosses Under 30)[5]>=1

    Screener[Cond1](myRSI as “RSI”)

    Regards,

    Penny

    02/04/2024 at 2:11 PM #227379 quote
    jacquesgermain
    Participant
    Senior

    //hello code corrected :

    daycount = 5 myRSI=RSI[8](Close) //C1=myRSI Crosses Under 30 //Buy signal Crossover=0 For i = 0 to daycount if myRSI[i] crosses under 30 then CrossOver=1 break endif next SCREENER [Crossover=1]
    02/04/2024 at 5:41 PM #227397 quote
    LucasBest
    Participant
    Average
    Hello Jacques, You can simplify your code like this : daycount = 5 myRSI=RSI[8](Close) CrossOver = Summation[daycount](myRSI crosses under 30) SCREENER [Crossover>=1]
    jacquesgermain thanked this post
    02/04/2024 at 5:47 PM #227401 quote
    jacquesgermain
    Participant
    Senior
    actually much lighter without a buckle!
    02/27/2024 at 7:59 PM #228891 quote
    swingforyoursupper
    Participant
    New
    Thanks for the replies Im not sure if im doing something wrong but I run   daycount = 5 myRSI=RSI[8](Close) CrossOver = Summation[daycount](myRSI crosses under 30) SCREENER [Crossover>=1]   and it pulls a big list of stocks that have not crossed under 30 over the past 5 days – i.e. the screener isnt working properly   its a simple screener, i just need it to be accurate to reduce my target list of stocks   any help much appreciated
    02/28/2024 at 12:17 PM #228924 quote
    robertogozzi
    Moderator
    Master
    It works like a charm to me. When the price crosses under 30 for just a few decimals, auch as 0.1 or less, you will have to zoom in the indicator quite a bit to be able to spot the crossover.
    x-14.jpg x-14.jpg
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Simple RSI Screener


ProScreener: Market Scanners & Detection

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swingforyoursupper @swingforyoursupper Participant
Summary

This topic contains 6 replies,
has 5 voices, and was last updated by robertogozzi
2 years ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 02/04/2024
Status: Active
Attachments: 1 files
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