Equity Screening with RSI, Free-Float Market Cap, and Trend Breakout

Summary

This Supermind community post proposes selecting equities with RSI below 65, free-float market capitalization between 5 billion and 10 billion yuan, and a “main uptrend start” condition. It defines the latter through a price position within the recent high-low range: a value of at least 50 indicates the desired upward phase. The post also gives an RSI formula reference and a Python example intended to apply the filters.

The author cautions that the screen omits fundamentals and market liquidity, and that changing conditions can produce false signals. Suggested extensions include valuation and profitability measures, trading-volume information, and parameter adjustment. No backtest, return series, or other performance evidence is supplied. The sample implementation should be checked carefully: it uses data fields and calculations that may not align with the stated definitions, including its handling of highs and lows, so the published logic is best treated as a screening concept rather than verified executable research.

Key ideas

• The proposed equity screen combines RSI below 65 with a specified free-float market-cap range and an upward-trend condition.
• The trend condition compares the latest close with the midpoint of a recent high-low range.
• The post recommends adding fundamental and liquidity factors to reduce reliance on technical signals alone.
• No performance evidence is provided, and the code example may not faithfully implement the described calculations.

Tags

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