Registered User Joined: 1/13/2012 Posts: 72

I am looking at RSI, 2period. I need the RSI to be declining for 4 days in a row..
At the 4th day, RSI needs to be < 10. All days (1  4) must be declining.
Thank you in advance.
Ken.

Registered User Joined: 1/13/2012 Posts: 72

Answer found! No need for work on your part. Here is the request in context...
RSI2.1 < RSI2.1.1 < RSI2.1.2 < RSI2.1.3 < RSI2.1.4 AND
C > AVGC200 AND
RSI2.1 < 10 AND
RSI2.4 < 60
Thanks again.

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

There are actually two possibilities as to the settings of a 2period Wilder's RSI. The RSI in the formula you have written does not use Wilder's smoothing. In this instance, you would need to modify your formula slightly to actually make all of the desired comparisons as each of these comparisons needs to be made individually instead of in series.
RSI2 < 10 AND RSI2 < RSI2.1.1 AND RSI2.1.1 < RSI2.1.2 AND RSI2.1.2 < RSI2.1.3 AND RSI2.1.3 < RSI2.1.4 AND RSI2.1.4 < 60 AND AVGC200 < C
The formula for a 2period Wilder's RSI with Wilder's smoothing is quite a bit longer than just RSI2.
50 * (C  XAVGC3.1) / 2 / (.5000305 * (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
But a 2period Wilder's RSI with Wilder's smoothing should be less than its previous value if and only if price is also less than its previous value. So we can check for the current value to be less than 10, the value of 4 bars ago to be less than 60 and then just compare closing prices for the parts in the middle.
50 * (C  XAVGC3.1) / 2 / (.5000305 * (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 < 10 AND C < C1 AND C1 < C2 AND C2 < C3 AND C3 < C4 AND 50 * (C4  XAVGC3.5) / 2 / (.5000305 * (ABS(C4  C5) + 1 / 2 * (ABS(C5  C6) + 1 / 2 * (ABS(C6  C7) + 1 / 2 * (ABS(C7  C8) + 1 / 2 * (ABS(C8  C9) + 1 / 2 * (ABS(C9  C10) + 1 / 2 * (ABS(C10  C11) + 1 / 2 * (ABS(C11  C12) + 1 / 2 * (ABS(C12  C13) + 1 / 2 * (ABS(C13  C14) + 1 / 2 * (ABS(C14  C15) + 1 / 2 * (ABS(C15  C16) + 1 / 2 * (ABS(C16  C17) + 1 / 2 * (ABS(C17  C18)))))))))))))))) + 50 < 60 AND AVGC200 < C
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Registered User Joined: 1/13/2012 Posts: 72

Thanks for the alternatives, Bruce. I will try them.
Thanks.
Ken.

Registered User Joined: 10/7/2004 Posts: 9

Hi Bruce,
Is it possible to work with you privately and to pay you an hourly fee to help construct alogorithms for me?
If yes, please email me at p_taglia@yahoo.com
Thank you!

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

You can schedule a personal training session with technical support. The cost is $95 / hour in minimum increments of an hour.
Bruce Personal Criteria Formulas TC2000 Support Articles
