Equity Screening with RSI, Consecutive Candles, and Shortening MACD Bars

Summary

This post outlines a technical stock screen using an RSI threshold, three consecutive down sessions, and shortening green MACD histogram bars on a 15-minute interval. It presents the combination as a way to filter for price movement and momentum changes, and includes example formulas and a Python sketch. The post also mentions excluding one Chinese stock-board category and proposes adding volume, fundamental measures, or other indicators to broaden the selection process.

The article warns that the screen leans heavily on technical indicators, may overlook fundamentals, and can become stale as market conditions change. Its examples are difficult to reproduce as written: the stated consecutive-down condition conflicts with part of the formula, and the 15-minute MACD sampling logic is not clearly defined. Although the post suggests the approach may reduce risk, it supplies no backtest or performance evidence. The criteria should therefore be treated as an unvalidated screening hypothesis, with indicator definitions and data intervals clarified before testing.

Key ideas

• The proposed screen combines an RSI ceiling, three consecutive bearish candles, and shortening negative MACD bars on a 15-minute interval.
• The post suggests adding volume and fundamental measures to broaden the selection criteria.
• It warns that technical indicators may omit fundamental information and can become outdated.
• The example formulas do not consistently express the stated bearish-candle condition or interval logic.
• The article provides no backtest or measured results.

Tags

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