Chinese Stock Screen Using RSI, Three Down Days, and Stock Heat

Summary

This Chinese-language post describes a stock selection rule that filters for RSI below 65 and three consecutive declining sessions, then ranks candidates by stock heat. Its stated aim is to combine a technical condition with a measure of market attention. The post also includes example formulas and Python-style code, though the code is presented as a reference rather than accompanied by a tested portfolio or performance record.

The author cautions that the rule depends heavily on recent price behavior and popularity, which may reflect temporary speculation and may not persist. It suggests adding financial and industry variables, as well as further technical measures, to broaden the selection process. No evidence is provided that the screen forecasts returns or that the ranking measure is defined consistently. The three-day condition is described as consecutive declines, while the examples should be checked carefully before implementation to ensure the candle comparisons match that intent.

Key ideas

• The screen selects stocks with RSI below 65 and a three-session declining pattern.
• Candidates are ranked by a measure of individual stock attention or popularity.
• The post warns that short-term price patterns and market heat may be transient.
• Fundamental, industry, or additional technical variables are proposed as possible extensions.
• No backtest or return evidence is supplied.

Tags

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