A Stock Screen Combining RSI, Rising 30-Day Average, and Volume Growth

Summary

This document describes a stock selection screen that combines RSI below 65, a rising 30-day moving average, and a condition described as today’s increase in position share exceeding 5%. The accompanying explanation presents the moving average as a trend filter and RSI and the position-share measure as shorter-term signals. It also suggests adjusting indicator periods and adding fundamental measures, while warning that performance may vary across periods and markets.

The examples are not fully consistent about how to implement the stated conditions. The formula uses a close-to-open price ratio as a proxy, while the Python example compares current volume with prior volume; its moving-average comparison also does not clearly match the stated upward slope test. No performance results or validation are provided. Treat this as an outline of a screening idea, not evidence of profitability, and verify the definitions, data, and calculations before evaluating it.

Key ideas

• The proposed screen combines RSI below 65 with a rising 30-day moving average.
• The document describes a further condition as today’s position-share increase exceeding 5%.
• Its formula and Python example use different proxies for that condition.
• The author warns that fixed indicator periods may need review and that results can vary across markets.
• The document gives no backtest results or evidence that the screen is profitable.

Tags

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