Equity Screening with Intraday MACD, RSI, and Amplitude Filters

Summary

This stock-screening concept combines price amplitude above one percent, RSI below 65, and a shortening negative MACD histogram on a 15-minute chart. The text interprets shrinking negative bars as potentially weakening selling pressure and a possible rebound signal. It then proposes adding a 60-minute MACD condition, valuation and profitability filters, and consideration of company fundamentals and industry conditions. The examples also show how amplitude, RSI, and MACD conditions might be calculated or applied in a screening workflow.

The document warns that relying on technical indicators alone may select low-quality companies and that a 15-minute signal may be too short-term to judge direction. The expanded filter list is a proposal, not a demonstrated improvement: no backtest, stock universe, holding period, execution method, or performance evidence is supplied. The MACD wording around histogram direction and shortening is not fully clarified, so the precise signal definition would need to be checked before implementation. These conditions should be treated as a screening hypothesis rather than evidence of an edge.

Key ideas

• The initial screen combines amplitude above one percent, RSI below 65, and a shortening negative MACD histogram on a 15-minute timeframe.
• Shortening negative MACD bars are interpreted as a possible sign of easing selling pressure.
• The proposed expanded screen adds a 60-minute MACD condition, valuation, profitability, and fundamental context.
• The document cautions that technical-only filters may select weak companies and miss longer-term context.
• No backtest or performance results establish that the proposed filters are profitable.

Tags

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