Stock Scan theory

[itelllc]

I cannot get it to run properly but looking at your own stocks what do you think of the following:

RSI just breaking 50
MACD just breaking 0
5 just clearing 20 day

and some sort of volume criteria

all done on a weekly rather than daily chart

I am looking at 2 very different stocks and it seems to work very well but I cant figure out how to set up the scan in stockcharts

[wallstreetsedge]

rsi breaking 50 isnt going to be a big deal, traders generally use it as a bull/bear tilt. if youre going to use rsi, the most important points on the rsi indicator is 30 and 70. i wrote a blogon rsi at http://www.onlinetradersforum.com/blog.php?u=6406

also, another important factor is if youre going to use rsi, make sure your using a service that updates rsi in real time or close to it. most free services will only update rsi once a day making it pretty much useless. sometimes even a fraction of a move can make rsi shoot up or down dramatically. since youre using stockcharts, upgrade to extra rt service if you dont already have it. also since you can pretty much scan for whatever you want, use more extreme numbers since you have the option to customize it to literally whatever you want