Equity Screening with RSI, Volume Growth, and the Opening Price Move

Summary

This Chinese-language post describes a stock selection screen combining three conditions: RSI below 65, the day’s volume above 1.05 times the prior day’s volume, and the absolute move from the previous close to the opening price below 6%. It frames the filters as a mix of technical momentum or relative-strength information, trading activity, and an early market-price move, and includes formula and Python examples intended to implement the screen.

The post argues that the RSI limit may avoid overly strong stocks, rising volume may indicate increased interest, and the opening move filter may reduce chasing sharp gaps. It also acknowledges that fixed or broad conditions can miss market context or admit risky stocks, and suggests adding indicators or fundamentals and adapting rules to investor preferences. The examples do not provide a backtest or evidence that the screen is profitable; their data and timing assumptions should be checked before use.

Key ideas

• The screen requires RSI below 65 and volume above 1.05 times the previous day’s level.
• It also limits the absolute opening move from the prior close to less than 6%.
• The rationale combines relative strength, trading activity, and the early price move.
• The post warns that rigid or broad filters can fail to capture market conditions and risk.
• No backtest is provided to establish the strategy’s performance.

Tags

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