How to scan RVSI colors

sbtyme

New member
Thanks in advance!

I use the relative volume strength indicator (RVSI). The indicators Y axis shows a value from 0 to 100 just like RSI. It also colors the line either green, red or orange depending on if it's bullish, bearish, or neutral.

I can set up a scan to find stocks where the indicator goes above or below a certain numeric value on the Y axis but I also want to scan for stocks whose RVSI indicator is green - how can I do that?

So for instance I'll set up a scan where the RVSI crosses above 20 on the daily timeframe for instance (and therefore certainly green) - This I know how to do....BUT I also want to include a scan parameter that finds only green line RVSI's on the WEEKLY timeframe (regardless of the Y axis value on the weekly timeframe, it just has to be green).

Here is the RVSI indicator I'm using:

Code:
declare lower ;
input avl = 5;
input l1 = 10;
input ma = 9;

def change = close - close[1];
def nv = totalSum(change  * volume);
def av =  ExpAverage(nv, avl);

plot RVSI = reference RSI("price" = av, "length" = l1);
plot x = ExpAverage(RVSI, ma);

plot overbought = 100;
overbought.AssignValueColor(Color.RED);
plot oversold = 0;
oversold.AssignValueColor(Color.GREEN);

rvsi.AssignValueColor(color = if rvsi >= x then
    if RVSI[1] < RVSI then color.green else color.ORANGE else
    if RVSI[1] < RVSI  then color.red else color.RED);
x.AssignValueColor(Color.blue);
 
In the Scan Hacker, SELECT the name of the script that you saved and build your filters in the condition wizard.
 
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