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Registered User
Joined: 4/21/2005
Posts: 39
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I'd like an opinion of TC2005-savvy folks (I call them the cogniscenti) on the PCF I wrote to sort on RSI Divergence, which is defined as follows:
LOWER DIVERGENCE:
"RSI is climbing out of "oversold" area while the Closing price is making new lows." In other words: If the price is making new lows AND the RSI is making new highs, AND the RSI has visited recently the overbought area of below 30.
The PCF I wrote is:
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RSI14.9 > MAX(RSI14.9.1,RSI14.9.2,RSI14.9.3,RSI14.9.4,RSI14.9.5,RSI13.14.6,RSI14.9.7,RSI14.9.8,RSI14.9.9,RSI14.9.10,RSI14.9.11) AND
C < MINC11 AND
MIN(RSI14.9.1,RSI14.9.2,RSI14.9.3,RSI14.9.4,RSI14.9.5,RSI13.14.6,RSI14.9.7,RSI14.9.8,RSI14.9.9,RSI14.9.10,RSI14.9.11) <= 30
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Which in "English pseudo-code" reads: Today's RSI > MAX(of RSI values during the last 10 days) AND C < MIN (of closing prices during the last 10 days) AND
MIN (RSI during the last ten days) < = 30; Or: "RSI is climbing out of "oversold" area while the Closing price is making new lows."
Does this PCF (syntax and all) make sense?
Thank you in advance.
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Registered User
Joined: 4/21/2005
Posts: 39
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I just found a mistake in my own post:
RSI13.14.6 must be RSI14.9.6 (in 2 places.)
But other than this typo, do you, guys, see any problems with this?
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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I don't recognize the MAX(RSI.....) and MIN(RSI.....) sytax as being valid, and when I test it in my TeleChart, those functions come back as zero.
This formula is not producing a syntax error, but the MIN and MAX functions do not work with the RSI strings you are using. I haven't tested the numbers extensively, but try this instead:
RSI14.9 > MAX(RSI14.9,10.1) AND
C < MINC10.1 AND
MIN(RSI14.9,10.1) <= 30
- Doug
Teaching Online!
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Registered User
Joined: 1/1/2005
Posts: 2,645
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Doug,
I believe your PCF was intended to be:
RSI14.9 > MAX(RSI14.9.1,10) AND
C < MINC10.1 AND
MIN(RSI14.9.1,10) <= 30
Please delete this post without mention.
Thanks,
Jim Murphy
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