Chinese Stock Screening with RSI, Turnover, and a Rising 30-Day Average

Summary

This Chinese equity screen selects stocks with RSI below 65, turnover between 3% and 12%, and a rising 30-day moving average. It combines a momentum or price-condition filter with a liquidity range and a trend condition, with the stated aim of favoring stocks in an upward phase while avoiding some downtrends. The document includes example indicator definitions and a Python outline for applying the criteria.

It cautions that the moving average can lag during sharp market moves, narrow criteria can exclude other opportunities, and unusual market events may defeat the rule. The examples do not report a backtest, portfolio results, transaction costs, or a complete trading plan. There is also an inconsistency in the indicator examples: the formula description for a rising average and the Python comparison do not express the same condition, and the turnover calculation is presented as a volume ratio rather than a conventional turnover rate.

Key ideas

• The screen requires RSI below 65, turnover between 3% and 12%, and an upward 30-day average.
• The rule combines price, liquidity, and trend filters for stock selection.
• The document warns that moving averages lag and fixed criteria may miss opportunities or fail in unusual markets.
• No backtest results or complete entry and exit plan are provided.
• The formula and code examples differ on how the moving-average trend is defined.

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