A 15-Minute MACD and RSI Stock Screening Rule

Summary

This note proposes screening stocks with RSI below 65, a rising MACD signal line (DEA), and a shortening negative MACD histogram on a 15-minute chart. It gives standard MACD and RSI parameter references and a Python example that iterates through stocks, applies indicator filters, and returns up to a requested number of symbols. The idea is a short-term technical setup intended to identify improving momentum while avoiding relatively high RSI readings.

The article cautions that intraday MACD can be noisy and that the rule does not assess company finances or industry conditions. It suggests combining the signal with volume and price analysis, additional indicators such as KDJ or Bollinger Bands, and parameter adjustments. No backtest results or evidence of predictive performance are presented, and the example's indicator checks are not fully consistent with the stated setup, so the screen should be treated as an illustrative rule rather than a validated strategy.

Key ideas

• The screen combines RSI below 65 with a rising DEA and a shortening negative MACD histogram on a 15-minute timeframe.
• The example references RSI with a 14-period setting and MACD with 12, 26, and 9 periods.
• The article warns that 15-minute MACD signals may be noisy and do not capture fundamental risks.
• It recommends supplementing the screen with volume-price analysis or other technical indicators.
• The document gives no performance testing to establish whether the signal is profitable.

Tags

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