Equity Screening with RSI, Positive PE, and a 10-Day Gain Filter

Summary

This post describes a simple stock selection screen combining a technical condition with valuation and recent price movement. It selects stocks with RSI below 65, positive price-to-earnings ratios, and a 10-day gain greater than zero but below 35%. The stated intent is to find shares that have risen recently without exceeding the specified return ceiling, while excluding stocks with nonpositive earnings multiples.

The post gives brief definitions of RSI, PE, and percentage change, then offers sample code and suggests adding other indicators or fundamental filters. It provides no backtest, performance data, trading rules for entry or exit, or evidence that the screen improves returns. The sample implementation appears inconsistent with its stated criteria: it compares a price-change field with the RSI threshold and estimates PE using unrelated volume and turnover fields. The proposed screen should therefore be treated as an idea requiring careful data and logic validation, not a tested strategy.

Key ideas

• The screen combines RSI below 65, positive PE, and a 10-day return between zero and 35%.
• The post pairs a technical filter with a basic valuation condition and recent momentum.
• It suggests adding technical or fundamental filters but provides no empirical validation.
• The sample code does not faithfully implement the stated RSI and PE criteria.

Tags

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