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Registered User
Joined: 2/1/2008
Posts: 37
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Does anyone know if a PCF can be written for this?
The 2-period RSI drops three days in a row
The 2-period RSI first day’s drop in the count is below 60
The 2-period RSI closes under 10 today
Thanks.
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Registered User
Joined: 2/1/2008
Posts: 37
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The 2-period RSI drops three days in a row
The 2-period RSI first day drop in the count is below 60
The 2-period RSI closes under 10 today
(sorry for the formating issues)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If this is a plain RSI without Wilder's smoothing, the formula is simple.
RSI2 < 10 AND RSI2 < RSI2.1.1 AND RSI2.1.1 < RSI2.1.2 AND RSI2.1.2 < 60 AND RSI2.1.2 < RSI2.1.3
A formula for an RSI with Wilder's smoothing is quite a bit more complicated.
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 50 * (C2 - XAVGC3.3) / 2 / (.5000305 * (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) + .5 * (ABS(C15 - C16)))))))))))))))) + 50 < 60 AND C2 < C3
2-period RSI - Scan to find declining RSI
-Bruce
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Registered User
Joined: 2/1/2008
Posts: 37
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The Wilder's version is what I was after. Thanks!
What would it look like reversed, for a rising RSI?
These are the reverse conditions
The 2-period RSI rises three days in a row
The 2-period RSI first day’s rise in the count is above 40
The 2-period RSI closes above 90 today
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following Condition Formula.
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 > 90 AND C > C1 AND C1 > C2 AND 50 * (C2 - XAVGC3.3) / 2 / (.5000305 * (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) + .5 * (ABS(C15 - C16)))))))))))))))) + 50 > 40 AND C2 > C3
-Bruce
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Registered User
Joined: 2/1/2008
Posts: 37
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Thanks !!!
I am working on building the setup scans from this book - I appreciate this help.
Larry Connors High Probability ETF Trading
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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