Author: Nevy

RSI Overbought OR Oversold scan

Filter stocks that are either overbought(crossed below 70) OR oversold(crossed above 30) in a single scan.

Video for overbought OR oversold stocks

Steps to find Overbought OR Oversold stocks:
  1. As we want to filter stocks that have filtered either of the filters(overbought or oversold filter), click on the ‘All’ keyword, and change it to ‘Any’ from the first sub-filter.
  2. Click on the funnel() and select the RSI indicator from the pull-down menu.
  3. Select the offset(Latest) and specify the duration (which is by default 14 days for RSI). You can change both the offset and the duration as per your requirements by clicking on them.
  4. Click on the next icon(…) and select the ‘Crossed above’ operation, as we want to find out the oversold stocks crossing above 30 (meaning RSI having a value below 30 for the past day but above 30 for today).
  5. The number constant selected by default is 50, which is changed to 30 for oversold stocks.
  6. Repeat steps 2-5 for a “crossed below” operation & comparing it against a value of 70
  7. Run the scan by clicking on ‘Run Scan’ button.

 

RSI Oversold scan

List stocks that have their RSI(14 day) change its zone from “below/equals” 30 yesterday to “above’ 30 today(crossed above 30), indicating they are likely to see an upmove ahead.

Steps to find Oversold stocks:
  1. Click on the funnel() and select the RSI indicator from the pull-down menu.
  2. Select the offset(Latest) and specify the duration (which is by default 14 days for RSI). You can change both the offset and the duration as per your requirements by clicking on them.
  3. Click on the next icon(…) and select the ‘Crossed above’ operation, as we want to find out the oversold stocks crossing above 30 (meaning RSI having a value below  30 for the past day but above 30 for today).
  4. The number constant selected by default is 50, which is changed to 30 for oversold stocks.
  5. Run the scan by clicking on ‘Run Scan’ button.

 

RSI Overbought scan

List stocks that have their RSI(14 duration) change its value from “greater than/equals” 70 yesterday to “below” 70 today(crossed below 70), indicating they are likely to see some downside ahead.

Steps to find Overbought stocks:
  1. Click on the funnel() and select the RSI indicator from the pull-down menu.
  2. Select the offset(Latest) and specify the duration (which by default is 14 days for RSI). You can change both the offset and the duration as per your requirements by clicking on them.
  3. Click on the next icon(…) and select the ‘Crossed below’ operation, as we want to find out the overbought stocks crossing below 70 (meaning RSI having a value above/equal 70 for the past day but below or equal to 70 for today).
  4. The number constant selected by default is 50, which is changed to 70 for overbought stocks.
  5. Run the scan by clicking on ‘Run Scan’ button.