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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » looking for a RSI and price action pattern formula

looking for a RSI and price action pattern formula Rate this Topic:
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jimmy8049
Posted : Monday, August 6, 2018 7:57:23 AM
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Joined: 1/21/2014
Posts: 15

Looking for a pattern formula where the RSI13 is less than 26 and 20 days later the price  of the stock  increases  over 4%

 
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Bruce_L
Posted : Monday, August 6, 2018 11:02:43 AM


Worden Trainer

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

If it the Wilder's RSI with Wilder's smoothing.

C > 1.04 * C20 AND WRSI13.20 < 26

If it is the plain RSI without Wilder's smoothing.

C > 1.04 * C20 AND RSI13.1.20 < 26

Note the extra .1 in the plain RSI version. This is there because the syntax for the indicator in the PCF language includes a simple moving average parameter which is not part of the Wilder's smoothed version.


-Bruce
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jimmy8049
Posted : Monday, August 6, 2018 10:30:40 PM
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Joined: 1/21/2014
Posts: 15

thank you
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Bruce_L
Posted : Tuesday, August 7, 2018 10:28:35 AM


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

You're welcome.


-Bruce
Personal Criteria Formulas
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