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Tradestation scan based on indicator


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Tradestation scan based on indicator

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  #1 (permalink)
 ursus 
Sydney NSW Australia
 
Experience: Intermediate
Platform: TradeStation, Oanda
Trading: Forex, index futures
 
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Posts: 73 since Jun 2020
Thanks: 5 given, 74 received

I am trying to create a scan based on RSI crossing over 70. The problem is I cannot figure out how to do it. There is no "crosses over" operator in the menu, and it is not possible to put yesterday's value of RSI.

I tried to create an indicator that turns 1 when the RSI crosses over, but for some reason it doesn't work.

ANy suggestions would be highly appreciated.

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  #2 (permalink)
 ursus 
Sydney NSW Australia
 
Experience: Intermediate
Platform: TradeStation, Oanda
Trading: Forex, index futures
 
ursus's Avatar
 
Posts: 73 since Jun 2020
Thanks: 5 given, 74 received

Ok. Figured it out. You have to put two scan criteria:

1. RSI(close, 14) > 50
2. RSI(close[1], 14) < 50

To choose the close of yesterday you use the dropdown menu of the indicator and in the cell "price" enter c[1].

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