StockFetcher Forums · General Discussion · Help with a new RSI scan<< >>Post Follow-up
jhenninger
63 posts
msg #117637
Ignore jhenninger
1/8/2014 4:09:52 PM

Hello all,

I am trying to create a scan that looks for RSI 14 to be currently at or around the 40-55 range AFTER having initially been up into the 80-85 area x days ago...

I'm essentially using this to look for pullback candidates after an explosive initial breakout move.

Can this be done in SF?

Thank you very much

- Jon

Mactheriverrat
3,153 posts
msg #117638
Ignore Mactheriverrat
modified
1/8/2014 4:39:30 PM

GREEN ON THE SCREEN

Run Forrest, Run

Try playing stocks where stocks are above EMA(13) or EMA(21) but have pulled back. Ones that have been previous high runners

trying adding
add column Historical Volatility(100,1)
add column average day range(30)

compound_gains
222 posts
msg #117640
Ignore compound_gains
1/8/2014 7:11:25 PM

This is a basic start. It screens for stocks where the current rsi(14) is between 40 and 55 and rsi(14) in the previous five days was between 80 and 85 at some point. You can change the look back number of days to whatever you want. You would also want to set price and volume criteria.

Fetcher[not etf
not otcbb
rsi(14) between 40 and 55
set{chkrsi, count(rsi(14) between 80 and 85, 5)}
draw rsi(14)
draw rsi(14) line at 80
draw rsi(14) line at 40
chkrsi 1 day ago above 0
add column chkrsi 1 day ago
]



jhenninger
63 posts
msg #117651
Ignore jhenninger
1/9/2014 8:04:38 AM

Awesome, thank you both very much for the response!

Much appreciated..

StockFetcher Forums · General Discussion · Help with a new RSI scan<< >>Post Follow-up

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