The screen is designed to filter stocks on the NSE by applying two key conditions: it selects stocks where the Relative Strength Index (RSI) with a 14-day window is either below 30 or above 70. RSI below 30 indicates oversold conditions, suggesting potential buying opportunities, while RSI above 70 signals overbought conditions, often hinting at potential selling opportunities. This screen helps traders identify possible reversal points in the market, making it a valuable tool for both entry and exit strategies.
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you can also try to add some high volume conditions to this. Volume works well if there is a reversal from RSI oversold/overbought conditions. Try to look for divergence on the chart as well
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Really Helpful Screen! Cool stuff
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