Overbought / Oversold Screener

10. Jan.

## Introduction

**The Versatile RSI and Stochastic Multi-Symbol Screener**

**Unlock a wealth of trading opportunities with this customizable screener, designed to pinpoint potential overbought and oversold conditions across 17 symbols, with alert support!**

## Description

This screener is suitable for tracking multiple instruments continuously.

With the screener, you can see the instant RSI or Stochastic values of the instruments you are tracking, and easily catch the moments when they are overbought / oversold according to your settings.

The purpose of the screener is to facilitate the continuous tracking of multiple instruments. The user can track up to 17 different instruments in different time intervals. If they wish, they can set an alarm and learn overbought oversold according to the values they set for the time interval of the instruments they are tracking.**

Key Features:

Comprehensive Analysis:

• Monitors RSI and Stochastic values for 17 symbols simultaneously.
  
• Automatically includes the current chart's symbol for seamless integration.
  
• Supports multiple timeframes to uncover trends across different time horizons.
  

Personalized Insights:

• Adjust overbought and oversold thresholds to align with your trading strategy.
  
• Sort results by symbol, RSI, or Stochastic values to prioritize your analysis.
  
• Choose between Automatic, Dark, or Light mode for optimal viewing comfort.
  

Dynamic Visual Cues:

• Instantly highlights oversold and overbought symbols based on threshold levels.
  

Timely Alerts:

• Stay informed of potential trading opportunities with alerts for multiple oversold or overbought symbols.
  

## Settings

### Display

**Timeframe**

The screener displays the values according to the selected timeframe. The default timeframe is "Chart". For example, if the timeframe is set to "15m" here, the screener will show the RSI and stochastic values for the 15-minute chart.

**Theme**

This setting is for changing the theme of the screener. You can set the theme to "Automatic", "Dark", or "Light", with "Automatic" being the default value. When the "Automatic" theme is selected, the screener appearance will also be automatically updated when you enable or disable dark mode from the TradingView settings.

**Position**

This option is for setting the position of the table on the chart. The default setting is "middle right". The available options are (top, middle, bottom)-(left, center, right).

**Sort By**

This option is for changing the sorting order of the table. The default setting is "RSI Descending". The available options are (Symbol, RSI, Stoch)-(Ascending, Descending).

It is important to note that the overbought and oversold coloring of the symbols may also change when the sorting order is changed. If RSI is selected as the sorting order, the symbols will be colored according to the overbought and oversold threshold values specified for RSI. Similarly, if Stoch is selected as the sorting order, the symbols will be colored according to the overbought and oversold threshold values specified for Stoch.

From this perspective, you can also think of the sorting order as a change in the main indicator.

### RSI / Stochastic

This area is for selecting the parameters of the RSI and stochastic indicators. You can adjust the values for "length", "overbought", and "oversold" for both indicators according to your needs. The screener will perform all RSI and stochastic calculations according to these settings. All coloring in the table will also be according to the overbought and oversold values in these settings.

### Symbols

The symbols to be tracked in the table are selected from here. Up to 16 symbols can be selected from here. Since the symbol in the chart is automatically added to the table, there will always be at least 1 symbol in the table. Note that the symbol in the chart is shown in the table with "(C)". For example, if SPX is open in the chart, it is shown as SPX(C) in the table.

## Alerts

The screener is capable of notifying you with an alarm if multiple symbols are overbought or oversold according to the values you specify along with the desired timeframe. This way, you can instantly learn if multiple symbols are overbought or oversold with one alarm, saving you time.