RSI Flips from positive to negative

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Hi Pete,

I am looking for a scan that tells me when a 2 period RSI flips from positive to negative. I tried to use the Rate of Change 2 period flip, since TOS has a scan for that, but it’s not the same.

RESOLVED
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Posted by (Questions: 1, Answers: 1)
Asked on January 8, 2023 1:29 pm
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You build this scan without writing a single line of code. How? By using the Condition Wizard. There are two stages to this scan.

The first stage (first screenshot below) I have named:

"rsi previous less than 2 bars ago"

Stage two (second screenshot below) I have named:

"rsi current greater than previous"

The final screenshot shows the two conditions combined into a signal Study Filter.

For those interested, here is the code which was generated by the Condition Wizard.

RSI("length" = 2)."RSI" from 1 bars ago is less than RSI("length" = 2)."RSI" from 2 bars ago and RSI("length" = 2)."RSI" is greater than RSI("length" = 2)."RSI" from 1 bars ago

But you don't need any code so long as you learn how to use the Condition Wizard. Want to learn how? Here is link to that video:

https://www.hahn-tech.com/thinkorswim-condition-wizard/

And once you understand how to build this for yourself, its a very simple matter to turn this around and capture the flip in the other direction.

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Posted by (Questions: 37, Answers: 4118)
Answered on January 8, 2023 2:19 pm
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I now know for certain, my brain is fried! Thank you Pete again for the quick response and resolving this issue. Appreciate it.
( at January 8, 2023 2:49 pm)
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