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Wilders RSI average over past three days less than 20 Rate this Topic:
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pmanningxy
Posted : Tuesday, September 11, 2012 7:51:20 PM
Registered User
Joined: 5/14/2012
Posts: 3

I was told by a rep yesterday that the new version of tc2000 now allowed for writing formulas with Wilders RSI. I can see on my charts that Wilders RSI is notated as WRSI. But when I try to write any formula the only syntax I can use is RSI which the results show is definitely not Wilders RSI. Is there anyone that can help with this. I thought I would now be able to use WRSI and write conditions....guess that is not the case???

 

Bruce_L
Posted : Wednesday, September 12, 2012 8:14:57 AM


Worden Trainer

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

There is no built in syntax for a Wilder's Smoothed RSI in the Personal Criteria Formula Language. The built in RSI syntax is for the non-Wilder's Smoothed version.

It is possible to create Conditions for Wilder's RSI by clicking on the a charted version of the indicator and selecting Create Scan Condition.

Creating Scan and Sort Conditions

One way to test for a moving average of a Wilder's Smoothed RSI being less that 20 over a variety of bars would be to create multiple moving averages of the RSI with the same settings except for the offset. You could then create Conditions for being less than 20 based on all of the moving averages and then add them to the same EasyScan.



-Bruce
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