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RSI Scan

Written by Administrator Tuesday, 22 January 2008 10:00
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RSI scan

 

The RSI scan searches for when an x period RSI...

• Crosses above a particular value.

• Crosses below a particular value.

• Turns down in direction while below the specified value.

• Turns up in direction while above the specified value.

These settings would scan for a 14 Period RSI Crossing Above a Value of 30. The scan would be applied to a Daily chart.

14 period RSI crossing above a value of 30.

Period: Selects the RSI period (bars) that the scan will be looking for. If this were set to 14, it would search using a 14 period RSI.

 

Value:   This is the setting for the value that the RSI must cross above or below. If this were set to 30, it would look for when the RSI crosses either below or above the 30 value.

 

Type

 

Crosses Above Value:    Select this option to scan for when the RSI crosses above the value specified in the Value field.

Crosses Below Value:    Select this option to scan for when the RSI crosses below the value specified in the Value field.

Turns Up - Below Value:               Select this option to scan for when the RSI begins to climb in value while below the specified Value.

Turns Down - Above Value:        Select this option to scan for when the RSI begins to decrease in value while above the specified Value

Last modified on Friday, 10 October 2008 10:00