A 15-Minute MACD and RSI Stock-Screening Rule

Summary

This stock screen combines a 14-period RSI below 65 with a listing-age filter and a 15-minute MACD condition described as shortening green histogram bars. The proposed refinement adds a minimum market capitalization of 5 billion and excludes a specified growth-board segment. The article includes indicator-formula references and a Python outline for collecting stock, market-value, and intraday price data, calculating RSI and MACD changes, and filtering candidates.

The article cautions that the screen relies heavily on technical indicators and omits fundamental, financial, industry, and broader market analysis. It suggests adding other technical measures and evaluating company fundamentals. No backtest, portfolio construction, entry or exit plan, or performance evidence is supplied. The code's MACD-change filters may not implement the stated histogram-shortening description consistently, so the operational signal should be checked before use; data timing and universe filters also affect results.

Key ideas

• The screen combines RSI below 65 with a 15-minute MACD histogram condition.
• It filters for companies listed more than a year and adds a market-cap threshold of 5 billion.
• The proposal excludes a growth-board segment and includes sample indicator and data-processing logic.
• The article warns that technical signals alone omit fundamental and market context.
• No historical performance evidence is reported, and the sample MACD conditions merit verification against the stated rule.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.