A Stock Screen Using RSI, Opening Gap, and Afternoon Money Flows

Summary

This document describes a Chinese stock screen using three main conditions: a 14-period RSI below 65, positive afternoon large-order net inflow, and an opening move under 6% relative to the prior close. Its final stated selection logic also ranks stocks by afternoon inflow and selects those near the top of that ranking. The provided indicator and Python examples add liquidity and market-cap filters, as well as a popularity ranking, although the snippets do not align perfectly with the prose and may rely on data fields whose meaning is not explained.

The stated aim is to find stocks with moderate early price moves, buying interest, and RSI below the threshold. The author notes that relying on the morning move can overlook later price behavior and does not establish a stock’s underlying value. Fundamental measures and broader volatility or technical analysis are proposed as possible additions. The document supplies no backtest, sample period, or measured performance, so its rationale and implementation are not empirically demonstrated here.

Key ideas

• The screen combines RSI below 65, a limited opening move, and afternoon large-order net inflow.
• The stated final rule ranks candidates by afternoon inflow and focuses on high-ranked names.
• Example implementations add market-cap, trading-activity, and popularity conditions.
• The author warns that opening performance alone may not reflect a stock’s value or later movement.
• No backtest results or measured performance are reported, and implementation details are not fully consistent.

Tags

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