The way I wrote the RSIWLR DISPLAY for StockFetcher was to mimic MP's
www.prophet.net RSIWLR.
All you have to do is add the display to your SF filter. When you view the chart, you will have a plot containing the RSIWLR.
No need to copy/paste tickers from SF to Prophet!!
An added benefit was that you could sort/select based on the values. So if you want filter for stocks with A/D, Momentum, RSI and/or Williams %R at/near the bottom you can.
I also created the ZOOM LENS where you could see the same indicator from multiple timeframes in one chart. You can look at RSI(2) 10 days, 60 days, 200 days all in one chart. Speeds up identifying tops/bottoms.
HTH.
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Originally Posted by mp6140 ===================================
as i posted, please understand that the RSIWLR is a way to ANALYZE a stocks oversold or overbought condition (or, actually, anyplace in between).
In and of itself, IT IS NOT A SCAN --- those scans come from others and may or may not work well, so youre on your own with them. Personally, i dont understand them one bit, because WHAT are they scanning for since the analyzer itself is just a way of using technical analysis without knowing tech analysis at all !!!!!
certainly post your scan, as i would be interested in seeing what comes up. I presume it would look for oversold stocks that are bottoming, which you then check with the RSIWLR, as the analyzer is just a simple guage of what a stock is doing at any moment in time !
thnx
mp |