Help me in debugging this script (picking up wrong stocks)

36kashili
36kashili ✭
in Scanning
I run RSI2 scan from the stockcharts blog (script is below). I dont understand, why it is picking the funds(TLT,IEF,BABS.L), when I said [type=stock] at the beginning.

[type = stock] AND [Daily SMA(20,Daily Volume) > 400000] and [High > 2]and [Close > 1] and [today's SMA(20,volume) > 40000] and [today's SMA(60,close) > 20] and [today's close > today's SMA(200,close)] and [5 x today's rsi(2)]

Thanks

Best Answer

  • markd
    markd mod
    edited February 2015 Answer ✓
    I'm guessing because they trade like stocks (unlike say, mutual funds).

    This edited version will eliminate the etfs and find only US stocks (if that's what you want):

    [type = stock]
    and [country is US]
    and [group is not ETF]
    AND [Daily SMA(20,Daily Volume) > 400000]
    and [High > 2]and [Close > 1]
    and [today's SMA(20,volume) > 40000]
    and [today's SMA(60,close) > 20]
    and [today's close > today's SMA(200,close)]

    (note: the bolded line probably has to be typed into your scan, not cut and pasted)

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