Chinese Stock Screening with RSI, Order Flow, and the 10-Day Average

Summary

This Chinese-language document presents a stock-selection screen combining three conditions: RSI below 65, a product involving percentage price change and large-order net volume, and an opening price near the 10-day moving average. The stated rationale is to combine a technical indicator with a measure of trading activity and a short-term price reference. Its sample Python filter operationalizes “near” as an opening price within five percent above or below the 10-day average, while requiring the price-change and order-flow product to be positive.

The article characterizes an open near the average as a possible short- to medium-term reversal clue and recommends considering other technical and fundamental measures, as well as position and asset allocation. It warns that market regime changes can weaken historical rules and that technical and flow measures omit other influences. No backtest results or validation are given, and the document’s explanation of the price-change measure conflicts with the formula shown, so implementation details warrant careful checking.

Key ideas

• The screen combines RSI below 65, a price-change and large-order net-volume condition, and an opening price near the 10-day average.
• The sample filter defines proximity as within five percent of the 10-day average.
• The article presents the opening price condition as a possible reversal clue rather than a confirmed signal.
• It suggests adding other technical or fundamental inputs and managing allocation and position size.
• No performance evidence is provided, and the stated price-change formula appears inconsistent with its accompanying explanation.

Tags

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