Combining RSI, Daily Gains, and 15-Minute MACD for Stock Selection

Summary

This short-term stock screen selects shares with RSI below 65, a daily gain above 1%, and eligibility outside the STAR Market segment. It adds a 15-minute MACD histogram condition: the histogram is negative and becoming less negative, which the document describes as a shrinking green bar. The article includes indicator and screening examples, although the supplied code and prose do not always align precisely on how the conditions are calculated.

The strategy focuses on price action and technical signals, with no reported backtest or performance results. The document warns that short-horizon MACD changes can reverse quickly, and that technical filters omit company fundamentals and long-term value. It recommends treating the screen as an initial filter and considering financial quality, volatility, market context, and risk controls before making investment decisions.

Key ideas

• The screen combines RSI below 65 with a daily gain above 1%.
• It excludes STAR Market stocks and uses a 15-minute MACD histogram signal.
• The described signal requires a negative histogram that is shrinking toward zero.
• Short-term indicator changes can reverse quickly and may prompt poor timing.
• The article provides no evidence of backtested or live performance.

Tags

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