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Registered User
Joined: 12/16/2004
Posts: 24
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Hello.
Could you please tell/show me the best way to find stocks where the RSI has/or just about to cross the centerline.Many Thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Here is the easiest way I know! Plot RSI, and then do a visual value sort of the indicator. Stocks returning sort values near 50 will be those that are currently near the centerline. It will then be easy to scroll through and look for those that have just crossed, or may be about to. Here is a training video demonstrating how to do visual value sorting:
Sort by Visual Value to find new highs and lows in price and indicators
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You can also do it with a PCF:
I am not sure what your RSI settings are but...
assume you are using an RSI of 14 and 3
Create this PCF (and replace the 14 and 3 to match your settings)
RSI Today
RSI14.3
Once you create the PCF you can add it to an EasyScan and limit based on VALUE to 45 to 55.
Here are some videos to review:
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
- Craig
Here to Help!
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Registered User
Joined: 3/12/2006
Posts: 7
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Doug and/or Craig,
You guys do fantastic work. Hoping you can help me. Maybe this is simple.....
I want to see when RSI crosses 50 (in other words, I want a centerline at 50 on my chart). I have not been able to find a way to remove the 70/30 or 80/20 lines and replace them with a simple 50-centerline. Is there a way to accomplish this?
As a temporary fix, maybe you can tell me if this has merit, or if it is flawed. I have created a custom indicator for RSI using the following formula: RSI21.1-50
I am using this under the belief (I wish to not use the word "assumption", but I am sure you get my drift) the RSI is a 0-100 indicator and if I simply subtract 50 from the value, I will then be able to use a "zero-centerline" to accomplish the same goal. Obviously, since I am asking, I would much rather do it "the right way" and have it read 0-100, but I will take what I have to.
Any help you can provide would be greatly appreciated. I don't have Veuve Cliquot Ponsardin, but I can provide a plethora of smileys. 
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It won't make the lines at 30 and 70 go away, but you can add a centerline by adding Time Segmented Volume and unchecking Visible. You may wish to review the following:
Adding, removing and saving indicators to a chart template
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/12/2006
Posts: 7
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Thanks Bruce. No slight intended in my earlier post, you do fantastic work as well! (Especially since you were first to answer me!)
Thanks a million!
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Registered User
Joined: 1/28/2005
Posts: 6,049
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gfdengine204
You may be interested in this technique.
Create a custom indicator:
ABS(RSI21>50)*C
(make color green, I like to use wide)
Create a second indicator:
ABS(RSI21<50)*C
(make color red, I like to use wide)
Select plot using price scale.
This will draw a line over your price (green) when above 50 and
(red) when below 50.
You can substitute anything based on price for "C".
(moving average, (H+L)*.5 and so on)
This technique is described in my post:
Indicator Color, Visuals, and MACD.
Thanks
diceman
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Registered User
Joined: 3/12/2006
Posts: 7
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Thank you Diceman! I will give 'er a look-see.
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