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Would very much appreciate if anyone could help on this metastock
explorer formula to catch the counter which meet the below condition.
You may get data from
http://table.finance.yahoo.com/d?
a=4&b=1&c=2004&d=7&e=11&f=2004&g=d&s=ppfh.si
Date :Jun 25 , Aug 10
Rsi :17.59 , 25.723 ( Rsi aug 10 > Jun 25 )
ClosePrice :1.01 0.985 (Closing aug 10 < Jun 25)
The metastock formula scan should be able to catch this condition
1.Bullish divergence - RSI higher but price lower.. indicate possible
going to turn up
Trough e.g. in this case set at 28%(sample)
2.Both RSI should be below e.g. 35 and between this 2 point, RSI
should not be higher than 70.
3. I have tried but fail to get the result
Ref(RSI(14),-1)>Trough(1,RSI(14),28)
AND Ref(CLOSE,-1)<ValueWhen(1,Trough(1,RSI(14),28),C)
Thank you and appreciate very much
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