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I would like to scan for stocks reaching a new 1 year Monthly RSI high. Please let me know if its possible.
[group is sp500]
and [ monthly RSI(14) = monthly max(12, monthly RSI(14))]
p.s. it takes a little patience to use this site - depending on the question, not everyone who views the site knows the answer, or how to work it out, and those who do may not always have the time right away. But someone will usually get to it in a day or two.
and [monthly RSI(14) > last month's monthly max(11, monthly RSI(14))]
is equivalent to markd's clause above.
Earlier, I was trying to figure out the difference between these two clauses:
1. and [monthly RSI(14) > last month's monthly max(12, monthly RSI(14))]
2. and [monthly RSI(14) = monthly max(12, monthly RSI(14))]
#1 says this month's RSI has to be greater than all of the past 12 months for a total of 13 months look-back.
#2 says the current month has to be the highest RSI of the past 12 months. So, its only looking back 12 months.
Thus, I think the difference is the look-back period.