Chinese Main Board Stock Screen Using RSI, Daily Gains, and Weekly Candles

Summary

This Chinese-language post describes an equity screen for main board stocks that combines RSI below 65, a daily gain above 1%, and a weekly candle condition called a red bar. The author presents the weekly condition as an added filter intended to favor stocks showing an upward weekly pattern, while the daily gain is framed as evidence of near-term strength. The post also includes a candle formula and sample code references for constructing a filtered list, along with suggestions to combine technical and fundamental measures and adjust the screen as market conditions change.

The explanation asserts that the RSI threshold can identify oversold stocks and that the combined criteria may help find lower-risk candidates, but it provides no backtest results, comparison, or evidence supporting those claims. Its own risk discussion says the weekly candle filter can exclude other candidates and may lose value when sentiment shifts. The code excerpt's data handling and alignment are not explained in detail, so the document is best read as a screening idea rather than a tested investment strategy.

Key ideas

• The screen requires RSI below 65 and a daily price increase greater than 1%.
• It restricts candidates to main board stocks and adds a weekly red candle condition.
• The post frames daily strength and the weekly candle as technical filters for stock selection.
• It warns that the weekly filter may exclude candidates and can become less informative.
• The document gives no backtest evidence for the screen's risk or return claims.

Tags

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