Equity Screening by Intraday Range, Low K-Line Value, and Convertible Bond Link

Summary

This proposed equity screen combines three conditions: intraday amplitude above one percent, a K-line value below 20, and a nonempty field for an outstanding convertible bond. The text interprets the range as evidence of volatility, the low K-line reading as a short-term low, and the bond link as a possible source of market interest. It provides example formula and Python logic for applying the filters and sorting selected stocks by volume.

The document does not define the K-line metric in enough detail to assess its meaning, and its sample calculations and descriptions are not fully consistent about the reference price and threshold units. It reports no backtest or measured outcomes. The author notes that the screen omits fundamentals and that a bond field alone does not establish arbitrage opportunity or price support. Suggested improvements include adding other technical signals, fundamental and industry data, convertible-bond premium and size information, and risk controls. These are suggestions rather than tested enhancements.

Key ideas

• The screen selects stocks with a large intraday range, a K-line reading below 20, and an outstanding convertible-bond field.
• The examples calculate amplitude and test whether the bond field is missing.
• The K-line measure and some formula details are insufficiently defined or inconsistent.
• A convertible-bond association alone does not prove arbitrage potential or upside.
• No performance evidence is given; the proposed additions remain untested.

Tags

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