# RSI Approaching 3-year Monthly High

#### Tonero

##### New member
Hello All,
Newbie with TS. I'm trying to write a scan study that filters out stocks whose RSI is approaching the 3-year high of the RSI on a monthly chart (say, 10% or less).

Logic will look something like this

Accumulation = Set to Month
peakRSI= Highest value of RSI in the last 36 months (monthly chart).
if the current RSI is less than peakRSI by 10% or less, include in results.

Thanks!

Where can I find a library that explains how the syntax for RSI indicator? Thinkscript user guide doesn't seem to offer a lot of information.

What, explicitly, do you want to know about RSI...??? It's pretty standard across platforms... Are you saying that the information for RSI() doesn't help...???

Ruby:
``def rsi = RSI(length, overBought, overSold, price, averageType, showBreakoutSignals);``

Default settings are:

Ruby:
``def rsi = RSI(14, 70, 30, close, yes);``

The plot names listed in the Learning Center can be used to get the results like so:

Ruby:
``````plot rsi = RSI(14, 70, 30, close, yes).RSI;
plot ob = RSI(14, 70, 30, close, yes).overBought;
etc...``````

I'm trying to build a scan filter that lists stocks who's RSI (monthly accumulation) are cross a previous RSI high, not necessarily to plot the RSI on a chart. It's not the conventional use of the RSI where you plot if it exceeds a fixed value (70 or 30).

What function can be used to pick out the high of the RSI over a given period of time and accumulation? Say highest value of RSI (14 day length) over the last 52 weeks, on a daily chart?

God Mode + RSI Scan? Questions 1
TTM Squeeze and RSI Questions 2
Paint VFI based on RSI Questions 2
Move Average Cross with RSI Questions 3
Scan for RSI>60 and MACD crossover +more Questions 0

87k+ Posts
291 Online

## The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
• Exclusive indicators
• Proven strategies & setups
• Private Discord community
• Exclusive members-only content
• 1 full year of unlimited support

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?