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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Need help in Creating a PCF for all optionable stocks sorted with RSI- 2 period

Need help in Creating a PCF for all optionable stocks sorted with RSI- 2 period

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ramesh_uma

Posted : Thursday, May 12, 2011 11:38:10 AM

Registered User
Joined: 8/2/2010
Posts: 2

Hi

I am an option player.

I need to create a easy scan on all optionable stocks based on a 2 period RSI.

Kindly guide me how do I do the same.

Thanks

Bruce_L

Posted : Thursday, May 12, 2011 11:54:50 AM

Worden Trainer

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

There is a built in Fundamental System Criteria called Optionable Stocks which can be used as an EasyScan Condition.

Definitions of all built in scanning and sorting criteria

I'm not quite sure what you want to do with your 2-Period RSI, but a formula for the plain 2-Period RSI is just:

RSI2

While the 2-Period RSI - Wilders version can be approximated as:

50 * (C - XAVGC3.1) / 2 / (.500030519440884 * (ABS(C - C1) + .5 * (ABS(C1 - C2) + .5 * (ABS(C2 - C3) + .5 * (ABS(C3 - C4) + .5 * (ABS(C4 - C5) + .5 * (ABS(C5 - C6) + .5 * (ABS(C6 - C7) + .5 * (ABS(C7 - C8) + .5 * (ABS(C8 - C9) + .5 * (ABS(C9 - C10) + .5 * (ABS(C10 - C11) + .5 * (ABS(C11 - C12) + .5 * (ABS(C12 - C13) + .5 * (ABS(C13 - C14)))))))))))))))) + 50

PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
Cascades of Moving Averages

-Bruce
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