Bruce can you please create a scan for me?

1) Stock price above 5$

2) Million shares or more of volume.

3)The Wilders 2period RSI under 5 today..

4) The stock gaps down at least 1% or more...

Thanks Bruce,,I really appreciate it..

                                                  Mike

Please try the following Condition Formula:

C > 5 AND V >= 1000000 AND 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 < 5 AND H <= .99 * L1

The above formula assumes that a gap down has the high below the previous low. If you mean something else, then the formula would need to change as well.

Bruce,

Thanks, is it possible to add to the above condition of the stock being down multiple days beforeWith The Wilders RSI 2 at below5 or below before the Gap down day???

I have some questions about the modifications you want to make before I actually help you change the formula.

Is the gap down definition of the high of the current bar being at least 1% below the low of the previous bar what you want?

How many days must the stock be down in a row and is the close being lower than the close of the previous bar what you want to use for a down day?

How many days ago must the 2-period Wilder's RSI first been below 5?

3 days or more down in closing price..With the 2 period RSi being 5 or below for before the gap

down day,,The gap down can be 1% or greater than the last closing price...

with all the other criteria intact..I hope this helps you..

                                        Mike m

I'm going to guess from using the close of the previous bar that the gap also involves the open of the current bar and not he high?

C > 5 AND V >= 1000000 AND O <= .99 * C1 AND C < C1 AND C1 < C2 AND C2 < C3 AND C3 < C4 AND 50 * (C1 - XAVGC3.2) / 2 / (.5000305 * (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) + .5 * (ABS(C14 - C15)))))))))))))))) + 50 < 5

If not, change the O in the formula to an H instead.