Creating Technical Stock Rating

[traderalex]

Hi,

I saw the technicalstockrating study and am interested in creating something similar. I have no experience coding and wanted to see if someone could direct me to something similar that I could tweak.

I'm trying to create a scoring system that encompasses:
RSI breaking above 30 - Score 1 point
RSI up three days in a row - Score 1 point
MACD crossover - 1 point

Will probably add more, but just getting started.

Thank you.

 

[MerryDay]

Hi,

I saw the technicalstockrating study and am interested in creating something similar. I have no experience coding and wanted to see if someone could direct me to something similar that I could tweak.

I'm trying to create a scoring system that encompasses:
RSI breaking above 30 - Score 1 point
RSI up three days in a row - Score 1 point
MACD crossover - 1 point

Will probably add more, but just getting started.

Thank you.

Not tested:

# RSI_MACD Ranking Scan, Label, Watchlist
def RSIbreaking  = RSI crosses above 30 then 1 else 0 ;
def RSI_up3days = RSI > RSI[1] and RSI[1] > RSI[2] and RSI[2] > RSI[3] then 1 else 0 ;
def MACDcross   = MACD crosses over 0 then 1 else 0 ;

plot scan = RSIbreaking + RSI_up3days + MACDcross;
       scan.Hide();

AddLabel(yes, "RSI_MACD rank" +scan,
if scan = 3 then color.cyan else
if scan = 2 then color.green else
if scan = 1 then color.violet else color.light_gray); 

AssignBackGroundColor(
if scan = 3 then color.cyan else
if scan = 2 then color.green else
if scan = 1 then color.violet else color.light_gray);