I'm trying to make a simple PCF that looks for the crossover of Rsi-10 and Rsi-50 but it's not giving the results expected. Compare the RSI's for yesterday with the RSI's for today to find crossovers.

My PCF Formula for an Up crossover is :

(RSI10.1.1) <= (RSI50.1.1) AND (RSI10.1) > (RSI50.1)

The test for MSFT comes back as

(66.10) <= (66.10) AND (67.25) > (67.25)  (run on Apr 27 2012 13:00)

VALUE = FALSE

This RSI10 is not equal to the RSI50 on either day.

What's wrong with this please?

Thanks, Dave

I'm not sure what the problem is but I was able to duplicate it and report it to the developers.

They found the bug and it will be corrected in the next release.  I don't have an ETA on that as of today.

Good news. Thanks a lot StockGuy

Dave

I was hopeful/excited when I saw that a new version of TC2000 was coming out today. I quickly checked my RSI conditions and was dejected to see that the results are indeed different from what they were before "the correction" but they are not lining up with any of the RSI results on my charts. I don't know how these numbers are being calculated but they definitely do not reflect Wilder's RSI that I am charting.

Reminder: This is the RSI-10/RSI-50 crossover that I am scanning for.

Eg: Symbol: MSFT

My charts: Yesterday : RSI-10 = 38.90,   RSI-50 = 51.00

                    Today:        RSI-10 = 32.94,   RSI-50 = 49.33

 Test Formula for MSFT:  Yest: RSI-10 = 25.28, RSI-50 = 44.88

                                          Today:  RSI-10 = 21.52, RSI-50 = 44.27

So the crossover scan is pulling up a bunch of charts that do not show any crossovers having occurred on my charts.

What's the problem please?

Dave

Your Condition Formula is for the plain RSI indicator, not the RSI - Wilder's indicator.

A similar formula for a 10-Period RSI - Wilder's indicator crossing up through a 50-Period RSI - Wilder's indicator is too long and slow to post in the forums.

That said, one of the new features of TC2000 version 12.2 is the ability to plot multiple indicators in the same scale. Once the indicators are plotted in the same scale, you can create Conditions comparing those indicators.

What's New in Version 12.2

Add your RSI - Wilder's indicator to the chart and adjust its settings to represent the 10-Period RSI - Wilder's indicator.

Click on the name of the RSI - Wilder's indicator on the chart, select Plot New Indicator here... and choose another copy of the RSI - Wilder's indicator. Select Scale with Wilder's RSI 10 and adjust the period of the new RSI Wilder's indicator to 50.

Click on the name of the 10-Period RSI - Wilder's indicator on the chart  again and select Create Scan Condition. Click on Condition, expand the Wilder's RSI 10 vs Wilder's RSI 50 section if necessary and choose Crossing Up Wilder's RSI 50.

Thank you Bruce.

Been trying to get this to work since I subscribed more than 1 year ago.

Finally - success !!

Please confirm that when I set the refresh rate at 60 minutes on Daily that the RSI Xvr is recalculated every 60 minutes on the Day chart..

Thanks again,

Dave

I can confirm that the WatchList Column values will be re-calculated once every 60-minutes on a Daily Chart with those settings.

Hello Bruce,

I saw this post and put in both the RSI 10 and RSI 50.  I also had to delete the Moving Avg 5 which was automatically included.

However under Create Scan Condition no elections were available for RSI 10 vs RSI 50. There were only options for RSI vs the Moving Average.

What do I need to do?

Thanks

You need to put them into the same pane and scale as described in my Wednesday, May 16, 2012 8:14:52 AM ET post.

If they aren't in both the same pane and the same scale, the option to compare them will not be available when selecting Create Scan Condition.

Thanks, they were in the same pane but not the same scale.

You're welcome.