Simple RSI Screener

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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

Veteran

//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

Senior

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

Veteran

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

Legend

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
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