RSI Oversold Turn
RSI reclaims 30 from oversold on the last completed candle with a green close — first sign of bounce, not the bottom knife.
About This Scan
RSI Oversold Turn is a prebuilt Reversal scan for turning-trend reversal entries. RSI reclaims 30 from oversold on the last completed candle with a green close — first sign of bounce, not the bottom knife. Every filter below is editable — load the scan into the screener, tune it to your risk appetite, and run it on live candles across 5m, 15m, 1h and daily timeframes.
Scan Rules
Stock passes all of the below filters in the ALL segment using 1D candles:
- 1.RSI greater than 30
- 2.RSI less than 30
- 3.Close greater than Open
How To Use This Scan
- •Confirm the primary trigger before acting: RSI greater than 30.
- •Size positions to the chart's stop distance, not to conviction.
- •Re-run the scan near the close for stable daily readings.
Frequently Asked Questions
What is the RSI Oversold Turn scan?
RSI reclaims 30 from oversold on the last completed candle with a green close — first sign of bounce, not the bottom knife. It passes all of 3 filters on 1D candles across the NSE universe.
Can I modify this scan?
Yes — clicking Run Scan loads every rule into the custom screener where you can tune values, change timeframes, add filters, save your version, and export results to CSV.