Scan RSIWilder(2) ABOVE 90

October 13th, 2013, 05:31 AM

Hello,
I am new on this forum and looking for help.

I have been trying hard to figure out how to scan stocks where closing price is :

1.above 90 RSI(2)
2.bellow 10 RSI(2)

I managed to generate this code:
close is greater than RSIWilder("length" = 2, "over bought" = 90, "over sold" = 10)."OverBought" within 2 bars

but it doesn not work..

thanks
Ludek

October 13th, 2013, 07:32 AM

Using the RSI Wilder Crossover study with 2 separate scans, one for oversold another for overbought:

To scan for the 2 conditions using "or":

October 13th, 2013, 11:54 AM

have you backtested this? Reminds me of the Connor's method.

October 14th, 2013, 01:39 PM

thats right ist quite close..to his method. I will do back tests soon. I have code working in stockfetcher want to generate the same code for ToS because I think its good scaner.
thanks
Ludek

October 16th, 2013, 03:03 PM

Hello,
I have these two conditions

close is less than SimpleMovingAvg("length" = 200)
&

RSIWilderCrossover("length" = 2, "threshold" = 90)

searcing within SP100 and getting only ticker SPG but i know that there is another stock meeting this criteria which is
NWSA..
I dont know why the scan does not list the NWSA too..
Any idea ?
Thanks ..
Ludek

Scan RSIWilder(2) ABOVE 90

Discussion in ThinkOrSwim

Scan RSIWilder(2) ABOVE 90