Equity Screen Using Range, Moving Averages, and Two-Day Highs

Summary

This technical screen looks for stocks with an amplitude measure above 1, a rising short-term moving-average condition, and a close at the highest level over a two-day window. The document presents the combination as a way to find volatile stocks with short-term upward movement and prices near recent highs. It includes formula and Python examples, although the examples express some conditions differently and leave the amplitude scale unclear.

The approach relies on price history and omits company fundamentals and external events. The author suggests adding fundamental or industry information and broadening the inputs beyond recent highs. No backtest or trading results are provided, so the screen’s predictive value is not established. The sample implementation also does not fully clarify data handling or resolve apparent differences between its formulas and its verbal description.

Key ideas

• The screen combines price amplitude, a short-term moving-average condition, and a two-day high condition.
• It is intended to identify volatile equities showing short-term upward movement.
• The method relies on technical price data and does not account for fundamentals or external events.
• The document supplies example formulas and code but no performance results.
• The amplitude scale and consistency between the examples and stated conditions are unclear.

Tags

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