A Stock Screen Combining RSI, Seven Down Days, and Main-Fund Buying

Summary

This stock-selection rule combines an RSI reading below a threshold, seven consecutive declining sessions, and a signal described as main-fund control or buying on the previous day. The post presents the combination as a way to identify shares using both price indicators and trading-flow information. It also gives sample indicator and data-fetching logic, though the examples do not establish a tested trading system.

No backtest results or return evidence are reported. The post itself cautions that the screen omits company fundamentals and that the main-fund signal may be subjective or misclassified. Its sample code uses particular data sources and dates, so its calculations and data availability would need checking before application. The proposed thresholds and conditions are screening choices, not evidence of predictive power.

Key ideas

• The proposed screen requires RSI below a threshold and seven consecutive down sessions.
• It adds a previous-day signal intended to represent main-fund buying or control.
• The post provides example indicator and data-source logic but reports no performance evaluation.
• The author cautions that the screen omits fundamental analysis.
• The main-fund signal may be subjective or prone to misclassification.

Tags

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