Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

rsi's Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
shank
Posted : Tuesday, February 14, 2006 5:06:11 PM
Registered User
Joined: 2/10/2006
Posts: 10
ok, i am having some difficulty after seeing the videos

can you assist?

do i first create a sort and scan condition and then go to the easy scan watch list?
Doug_H
Posted : Tuesday, February 14, 2006 5:10:11 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
I have no idea which videos you watched, or what you're trying to accomplish. If you can clarify, I'm sure we'll be able to help you.

- Doug
Teaching Online!
shank
Posted : Tuesday, February 14, 2006 5:13:48 PM
Registered User
Joined: 2/10/2006
Posts: 10
thank you

i am trying to find stocks closing with 12 day rsi's above 78 and below 22 that traded at least 800,000 shares that day and have a share price over $20

i looked a your intro videos
Doug_H
Posted : Tuesday, February 14, 2006 5:29:22 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
Wilder's RSI has two settings: an RSI period and an average period. I assume you want an RSI period of 12. What average period are you using?

- Doug
Teaching Online!
shank
Posted : Tuesday, February 14, 2006 5:39:19 PM
Registered User
Joined: 2/10/2006
Posts: 10
i do not know - i am using ask research and it only asks for the day period
Doug_H
Posted : Tuesday, February 14, 2006 6:06:49 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
OK then...we'll assume an average period of 5 (just a number out of the hat). If later you discover what average period you want, just replace the fives with that new number.

You must first create and update a PCF as follows:

High or Low RSI
(RSI12.5 > 78) OR (RSI12.5 < 22)

When you create your EasyScan, you need three conditions:

1. High or Low RSI (which you created above)
2. Volume 1-Day: Condition Type: Value Eliminate values below 8000 (volume is in hundreds).
3. Price Per Share: Condition Type: Value Accept values from 20 to MAX.

Here are two videos that you should watch until you are comfortable with creating/updating PCF's, and creating EasyScans:

How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria

- Doug
Teaching Online!
Craig_S
Posted : Tuesday, February 14, 2006 6:15:26 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
shank,

I gave you a PCF in this post

setting perameters

First, watch this video again:

How to create a Personal Criteria Forumula (PCF)

Then use the formula I gave you to create a new PCF for your RSI condition.

Once you create and calculate this PCF you can then create a new EasyScan.

Limit the price and volume as shown in the below video then add your new PCF criterion that you created.

Here is the video on EasyScan to review again.

Using EasyScan to find stocks that meet your own criteria

1. Create the PCF
2. Createt the EasyScan

- Craig
Here to Help!
shank
Posted : Tuesday, February 14, 2006 7:49:27 PM
Registered User
Joined: 2/10/2006
Posts: 10
thank you doug - got knocked off line

Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.