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Registered User
Joined: 11/19/2005
Posts: 6
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How do I make tc2005 scan for all stocks below the RSI
30 make.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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This formula will return the value of an RSI 14, 20.
RSI14.20
You will have to replace the 14 and 20 with the settings that match the RSI you use on the charts.
Once you create this PCF you can either sort by it OR add it to any EasyScan and use the VALUE scale on the range selector to limit it to any value range... including MIN to 30.
Here are some videos to review:
How to create a Personal Criteria Forumula (PCF)
Create your own stock rankings using WatchLists and Sort conditions
Using EasyScan to find stocks that meet your own criteria
- Craig
Here to Help!
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Registered User
Joined: 7/18/2005
Posts: 156
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I've tried the following PCF to find stocks that were below 30 yesterday and above 30 today.
RSI14 > 30 AND RSI14.1 <= 30
The results are not what I expected. Can you help me?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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There are two settings for RSI needed in the PCF. What RSI are you using on the chart?
Have you ever tried the PCF WIZARD?
It will write these for you.
I referred you to this video, please watch it and note the PCF wizard.
How to create a Personal Criteria Forumula (PCF)
- Craig
Here to Help!
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Registered User
Joined: 7/18/2005
Posts: 156
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I'm using RSI period 14 with average period 1.
Thank you!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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This should work then:
RSI14.1 > 30 AND RSI14.1.1 <= 30
- Craig
Here to Help!
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Registered User
Joined: 7/18/2005
Posts: 156
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I watched the video again and figured out what my mistake was. Thanks a lot for your help.
Happy New Year!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Glad to hear it!
- Craig
Here to Help!
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Registered User
Joined: 4/21/2005
Posts: 39
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On Friday, December 30, 2005 10:39:29 AM, Craig (Worden Trainer) posted:
RSI14.1 > 30 AND RSI14.1.1 <= 30
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(That was for RSI crossing the value line of 30 upwards).
1) My Question is this: In the TC 2005 Platinum, will the above PCF work for the 30-min bars, or even 5 min-s bars?
2) In other words, am I correct assuming that the syntax RSI14.1.1 or C21 would still mean "RSI(14.1) one bar prior to the current bar, and "Closing price 21 bars prior"? (regardless of whether it is a Dayly bar or any of the Intra Day bars, or a weekly bar.)
I am asking these questions while deciding what benefits the Platinum version would deliever, if I order it, and whether the same strategies used with the daily bars can be deployed with the intra-day bars, perhaps wothout changing any syntax.
3) Also, I am trying to write a Divergence PCF for an indicator, of which RSI is but one example. Do you think I could use something like MAX ( RSI14.1.1, RSI14.1.2,...,RSI14.1.11) for finding a peak among the values of RSI during the last 10 bars?
Thank you.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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1) Yes, just plot it as a CUSTOM PERCENT TRUE indicator then visually sort by it. Check out these two videos:
Visually Backtesting Specific Symbols
Real time indicator sorting (available at the Platinum level)
2) As a PCF, the periods are daily (14 means 14 days). As a custom indicator, the 14 means bars (14 minutes on a 1-minute chart).
3)
MAX(RSI14.1,10)
This will return the highest value for RSI14.1 for the past 10 days.
- Craig
Here to Help!
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