RSI and Donchian screener

• 12/05/2018 at 1:54 PM #86344
  robdav

  Hi

  I’m trying to right a screener which looks for overbought or oversold conditions but I’m not sure if one screener can be used to achieve this.

  I want it to display either overbought or oversold so I know which is which if that makes sense.

  I have included the code but I’m not sure it works as is.

  Thanks

  Rob

  RSI/Donchian screener

  // Overbought maybe hh = highest[30](high) MyRSI = RSI[5] c1 = high[1] = hh c2 = MyRSI > 70 Overbought = c1 AND c2 // Oversold maybe ll = lowest[30](low) c4 = low[1] = ll c5 = MyRSI < 30 Oversold = c4 AND c5 Screener[Overbought or Oversold]

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  // Overbought maybe   hh = highest[30](high) MyRSI = RSI[5]   c1 = high[1] = hh c2 = MyRSI > 70   Overbought = c1 AND c2   // Oversold maybe   ll = lowest[30](low)   c4 = low[1] = ll c5 = MyRSI < 30   Oversold = c4 AND c5   Screener[Overbought or Oversold]

   

  

  robdav

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  12/05/2018 at 2:45 PM #86352
  robertogozzi

  Try

  // Overbought maybe hh = highest[30](high) MyRSI = RSI[5] c1 = high[1] = hh c2 = MyRSI > 70 Overbought = c1 AND c2 // Oversold maybe ll = lowest[30](low) c4 = low[1] = ll c5 = MyRSI < 30 Oversold = c4 AND c5 x=0 If OverBought THEN x=1 Elsif OverSold THEN x=2 ENDIF Screener[x]

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  // Overbought maybe hh = highest[30](high) MyRSI = RSI[5] c1 = high[1] = hh c2 = MyRSI > 70 Overbought = c1 AND c2 // Oversold maybe ll = lowest[30](low) c4 = low[1] = ll c5 = MyRSI < 30 Oversold = c4 AND c5   x=0 If OverBought THEN    x=1 Elsif OverSold THEN    x=2 ENDIF Screener[x]

   

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  robdav

  

  robertogozzi

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  12/05/2018 at 3:40 PM #86362
  robdav

  Thanks. modified it slightly, seems to work now. Thank you Roberto!

  // Overbought maybe hh = highest[30](high) MyRSI = RSI[5] c1 = high[1] = hh c2 = MyRSI > 70 Overbought = c1 AND c2 // Oversold maybe ll = lowest[30](low) c4 = low[1] = ll c5 = MyRSI < 30 Oversold = c4 AND c5 x=0 If OverBought THEN x=70 Elsif OverSold THEN x=30 ENDIF Screener[x](x as "Result")

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  // Overbought maybe   hh = highest[30](high) MyRSI = RSI[5]   c1 = high[1] = hh c2 = MyRSI > 70   Overbought = c1 AND c2   // Oversold maybe   ll = lowest[30](low)   c4 = low[1] = ll c5 = MyRSI < 30   Oversold = c4 AND c5   x=0 If OverBought THEN x=70 Elsif OverSold THEN x=30 ENDIF   Screener[x](x as "Result")

   

  

  robdav

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