Simple RSI Screener

• 02/04/2024 at 11:04 AM #227374
  swingforyoursupper

  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

   

  rsi 8 day crosses below 30 at any point over past 5 days

  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]

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

  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]

   

  

  swingforyoursupper

  Participant

  Topics: 5

  Replies: 3

  Been thanked: 0 times
  02/04/2024 at 1:20 PM #227378
  MoneyPenny

  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

  

  MoneyPenny

  Participant

  Topics: 0

  Replies: 1

  Been thanked: 0 times
  02/04/2024 at 2:11 PM #227379
  jacquesgermain

  //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]

   

  

  jacquesgermain

  Participant

  Topics: 3

  Replies: 106

  Been thanked: 40 times
  02/04/2024 at 5:41 PM #227397
  LucasBest

  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]

  1 user thanked author for this post.

  jacquesgermain

  

  LucasBest

  Participant

  Topics: 16

  Replies: 208

  Been thanked: 72 times
  02/04/2024 at 5:47 PM #227401
  jacquesgermain

  actually much lighter without a buckle!

  

  jacquesgermain

  Participant

  Topics: 3

  Replies: 106

  Been thanked: 40 times
  02/27/2024 at 7:59 PM #228891
  swingforyoursupper

  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

  

  swingforyoursupper

  Participant

  Topics: 5

  Replies: 3

  Been thanked: 0 times
  02/28/2024 at 12:17 PM #228924
  robertogozzi

  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.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17086

  Been thanked: 4005 times
• Author
  Posts