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The following watchlist is created on the basis of two factors.
1)Hilbert Transform - Trend vs Cycle Mode.
2)Relative Strength Index(RSI).
The Hilbert Transform is a technique used to generate inphase and quadrature components of a de-trended real-valued "analytic-like" signal (such as a Price Series) in order to analyze variations of the instantaneous phase and amplitude. HTQuadrature returns the Hilbert Transform generated Quadrature component of the input Price Series. The Quadrature component is used in conjunction with the
InPhase component to generate the phase of the analytic signal (using the ArcTan function) at a specific bar or for the entire Price
The Wilder's Relative Strength Index is a rate of change oscillator. Relative Strength Index does not compare the relative performance of one stock to another, instead it compares the price of a stock to itself. A reading of 70% or higher is generally an overbought position. Conversely, values near the 30% level should be considered an indication the situation has become oversold. When the stock price is trending, use Relative Strength Index to trade strictly with the trend. The Wilder's Relative Strength Index was developed byJ. Welles Wilder, Jr.
The formula i used in this case is,