Filtering Stocks with RSI, 15-Minute MACD, and an Opening-Change Threshold

Summary

This stock-selection rule combines three conditions: RSI below 65, a shrinking green histogram bar on the 15-minute MACD, and a price rise below 6% at 9:25. The resulting stocks form a candidate pool. The document presents RSI and MACD as technical filters and the time-specific price-change limit as a way to screen out stocks with large opening moves. It also includes example indicator formulas and a Python outline using daily and intraday price data.

The material offers no backtest, returns, or comparison with a benchmark, so it does not establish whether the screen is profitable. Its own risk discussion says the rule may exclude stocks with strong upside and can miss companies whose fundamentals are stronger than their technical setup. It suggests considering additional price checkpoints and fundamental measures such as earnings and net profit. The example code’s data and timing details should be checked against the stated 9:25 condition before use, since the described inputs do not clearly demonstrate that exact observation.

Key ideas

• The screen requires RSI below 65 and a shortening green MACD histogram bar on a 15-minute chart.
• It also limits the stock’s price rise at 9:25 to below 6%.
• The document describes the conditions as a candidate-pool filter and provides example formulas and code.
• No performance evidence is supplied, and the screen may overlook fundamental quality or stocks with strong upside.

Tags

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