Can I build a scan where the maximum RSI over xxdays <60 but today's RSI >60
Comments
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Eventually, you will want to be able to write these scans yourself. It takes a little time to learn, but is well worth it.
Here is a link to a scan building tutorial.
stockcharts.com/school/doku.php?id=chart_school:scanning:tutorial
There are several other useful pages and videos as well - look under the Support tab, or the "Instructions" link on the Advanced Scan workbench page at the very bottom left.
In the meantime, here is your scan:
// begin RSI crosses above 60 scan
// choose stocks to look at (customize this to your requirements)
[group is sp500]
// specify conditions to look for
// RSI crosses above 60
and [RSI(14) x 60]
// RSI has been under 60 for the past 160 bars BEFORE today
and [ 1 day ago max(160, RSI(14)) < 60]
// end RSI x 60 scan
In the current market, this seems to get no hits. You will see if you shorten the 160 max period, you will get hits, so the scan is OK.0 -
Thanks. It works after I shortened my period.0
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