A Share Screen Using RSI Below 65 and Daily Range Above 1%

Summary

This post describes a historical A-share stock screen using an RSI reading below 65, a price range greater than 1%, and a 2021 date filter. It presents RSI as a gauge of price strength and overbought or oversold conditions, while the range criterion is intended to identify stocks with noticeable price movement. The post also suggests that the screen is meant to find stocks with technical support and market interest, though it does not define or measure those qualities.

The document provides an example implementation concept and names RSI(6) as a possible indicator setting, but it reports no selected stocks, backtest, returns, or risk statistics. Its screening logic has important ambiguities: the range is not fully specified as a percentage calculation, and a historical date filter does not establish that the criteria predict future performance. The author notes that the rules omit fundamentals, RSI direction, and broad market conditions, and recommends adding those considerations. The screen is therefore a basic rule example, not evidence of a profitable strategy.

Key ideas

• The proposed screen combines RSI below 65 with a price-range threshold above 1% and a 2021 filter.
• The post identifies RSI as a measure of price strength and possible overbought or oversold conditions.
• It suggests considering company fundamentals, RSI direction, market sentiment, and index trends as additional filters.
• The document provides no backtest results or evidence that the selection rules produce positive returns.
• The range calculation and the meaning of the historical date condition are not fully specified.

Tags

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