Combining RSI, Large-Order Flow, and Weekly Bars for Stock Selection

Summary

This proposed Chinese equity screen combines three conditions: RSI below a stated threshold, the product of daily price change and net volume from very large orders being positive, and a positive weekly price bar. The author presents the indicators as a mix of technical and flow information: RSI describes recent price conditions, the combined change and order-flow term reflects their direction together, and the weekly bar is intended to represent a longer-term upward move with a possible pullback.

The page provides indicator descriptions and an illustrative Python-style screening outline, but it does not report a backtest, trading results, or precise validation of the signal. It also acknowledges that a positive weekly bar does not guarantee strength and that the screen omits company fundamentals and industry context. Suggested extensions include adding other technical measures, fundamental inputs, and quantitative weighting; these are proposals rather than tested improvements.

Key ideas

• The screen requires RSI below 65, a positive product of price change and large-order net volume, and a positive weekly bar.
• It combines price indicators with an order-flow measure to select equities.
• The document provides a screening outline but no performance evidence or tested results.
• Weekly strength can be misleading, and the method does not assess company fundamentals.

Tags

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