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RSI Divergence Rate this Topic:
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joandsig
Posted : Thursday, January 10, 2019 2:06:54 PM
Gold Customer Gold Customer

Joined: 6/13/2009
Posts: 5

Hello Bruce,

Can you help me identifying a higher low or lower high for a RSI14 scan?

The intend is, to identify the higher low one day after it occurs (wouldn't know it is a low otherwise).

For example, the higher low would have occured yesterday, if RSI14 rises today. Generally, I work with a maximum of 10 bars back for the first low. Most often the first low it is between 3-6 bars in the past.

If price drops at the same time I can identify bullish or bearish RSI divergence.

Please let me know if you need more information.

Thanks for your help,

Siegfried

PS: Not sure if this can be done in TC2000 V18, Stock finder or other vehicle.

Bruce_L
Posted : Thursday, January 10, 2019 2:56:50 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Are you interested in the plain RSI or Wilder's smoothed RSI?

Is a low just a bar where the RSI was going down and has just turned up or something else?



-Bruce
Personal Criteria Formulas
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joandsig
Posted : Thursday, January 10, 2019 4:57:29 PM
Gold Customer Gold Customer

Joined: 6/13/2009
Posts: 5

Hi Bruce,

I am using the smoothed Wilder's RSI.

The RSI should have turned up again. In other words, I am looking for the completed V-shape for the higher low (or lower high). The scan should capture all equities with this formation and, at the same time with a decending price (can do that in TC2000).

I would be looking for this RSI formation:                                 /V
                                                                                              V

 

Thanks, Siegfried

Bruce_L
Posted : Monday, January 14, 2019 12:11:46 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Please try the following for a higher low in RSI.

C > C1 AND C1 < C2 AND WRSI14.1 > IIF(C2 > C3 AND C3 < C4, WRSI14.3, IIF(C3 > C4 AND C4 < C5, WRSI14.4, IIF(C4 > C5 AND C5 < C6, WRSI14.5, IIF(C5 > C6 AND C6 < C7, WRSI14.6, IIF(C6 > C7 AND C7 < C8, WRSI14.7, IIF(C7 > C8 AND C8 < C9, WRSI14.8, IIF(C8 > C9 AND C9 < C10, WRSI14.9, IIF(C9 > C10 AND C10 < C11, WRSI14.10, IIF(C10 > C11 AND C11 < C12, WRSI14.11, IIF(C11 > C12 AND C12 < C13, WRSI14.12, WRSI14.1 + 1))))))))))

The following for a lower low in RSI.

C > C1 AND C1 < C2 AND WRSI14.1 < IIF(C2 > C3 AND C3 < C4, WRSI14.3, IIF(C3 > C4 AND C4 < C5, WRSI14.4, IIF(C4 > C5 AND C5 < C6, WRSI14.5, IIF(C5 > C6 AND C6 < C7, WRSI14.6, IIF(C6 > C7 AND C7 < C8, WRSI14.7, IIF(C7 > C8 AND C8 < C9, WRSI14.8, IIF(C8 > C9 AND C9 < C10, WRSI14.9, IIF(C9 > C10 AND C10 < C11, WRSI14.10, IIF(C10 > C11 AND C11 < C12, WRSI14.11, IIF(C11 > C12 AND C12 < C13, WRSI14.12, WRSI14.1 - 1))))))))))

The following for a lower high in RSI.

C < C1 AND C1 > C2 AND WRSI14.1 < IIF(C2 < C3 AND C3 > C4, WRSI14.3, IIF(C3 < C4 AND C4 > C5, WRSI14.4, IIF(C4 < C5 AND C5 > C6, WRSI14.5, IIF(C5 < C6 AND C6 > C7, WRSI14.6, IIF(C6 < C7 AND C7 > C8, WRSI14.7, IIF(C7 < C8 AND C8 > C9, WRSI14.8, IIF(C8 < C9 AND C9 > C10, WRSI14.9, IIF(C9 < C10 AND C10 > C11, WRSI14.10, IIF(C10 < C11 AND C11 > C12, WRSI14.11, IIF(C11 < C12 AND C12 > C13, WRSI14.12, WRSI14.1 - 1))))))))))

And the following for a higher high in RSI.

C < C1 AND C1 > C2 AND WRSI14.1 > IIF(C2 < C3 AND C3 > C4, WRSI14.3, IIF(C3 < C4 AND C4 > C5, WRSI14.4, IIF(C4 < C5 AND C5 > C6, WRSI14.5, IIF(C5 < C6 AND C6 > C7, WRSI14.6, IIF(C6 < C7 AND C7 > C8, WRSI14.7, IIF(C7 < C8 AND C8 > C9, WRSI14.8, IIF(C8 < C9 AND C9 > C10, WRSI14.9, IIF(C9 < C10 AND C10 > C11, WRSI14.10, IIF(C10 < C11 AND C11 > C12, WRSI14.11, IIF(C11 < C12 AND C12 > C13, WRSI14.12, WRSI14.1 + 1))))))))))



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Bruce_L
Posted : Monday, January 14, 2019 12:17:45 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Please try the following for a higher low in closing prices.

C > C1 AND C1 < C2 AND C1 > IIF(C2 > C3 AND C3 < C4, C3, IIF(C3 > C4 AND C4 < C5, C4, IIF(C4 > C5 AND C5 < C6, C5, IIF(C5 > C6 AND C6 < C7, C6, IIF(C6 > C7 AND C7 < C8, C7, IIF(C7 > C8 AND C8 < C9, C8, IIF(C8 > C9 AND C9 < C10, C9, IIF(C9 > C10 AND C10 < C11, C10, IIF(C10 > C11 AND C11 < C12, C11, IIF(C11 > C12 AND C12 < C13, C12, C1 + 1))))))))))

The following for a lower low in closing prices..

C > C1 AND C1 < C2 AND C1 < IIF(C2 > C3 AND C3 < C4, C3, IIF(C3 > C4 AND C4 < C5, C4, IIF(C4 > C5 AND C5 < C6, C5, IIF(C5 > C6 AND C6 < C7, C6, IIF(C6 > C7 AND C7 < C8, C7, IIF(C7 > C8 AND C8 < C9, C8, IIF(C8 > C9 AND C9 < C10, C9, IIF(C9 > C10 AND C10 < C11, C10, IIF(C10 > C11 AND C11 < C12, C11, IIF(C11 > C12 AND C12 < C13, C12, C1 - 1))))))))))

The following for a lower high in closing prices.

C < C1 AND C1 > C2 AND C1 < IIF(C2 < C3 AND C3 > C4, C3, IIF(C3 < C4 AND C4 > C5, C4, IIF(C4 < C5 AND C5 > C6, C5, IIF(C5 < C6 AND C6 > C7, C6, IIF(C6 < C7 AND C7 > C8, C7, IIF(C7 < C8 AND C8 > C9, C8, IIF(C8 < C9 AND C9 > C10, C9, IIF(C9 < C10 AND C10 > C11, C10, IIF(C10 < C11 AND C11 > C12, C11, IIF(C11 < C12 AND C12 > C13, C12, C1 - 1))))))))))

And the following for a higher high in closing prices.

C < C1 AND C1 > C2 AND C1 > IIF(C2 < C3 AND C3 > C4, C3, IIF(C3 < C4 AND C4 > C5, C4, IIF(C4 < C5 AND C5 > C6, C5, IIF(C5 < C6 AND C6 > C7, C6, IIF(C6 < C7 AND C7 > C8, C7, IIF(C7 < C8 AND C8 > C9, C8, IIF(C8 < C9 AND C9 > C10, C9, IIF(C9 < C10 AND C10 > C11, C10, IIF(C10 < C11 AND C11 > C12, C11, IIF(C11 < C12 AND C12 > C13, C12, C1 + 1))))))))))



-Bruce
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