Intraday Stock Screen Using Range, Volume, Gap, and Positive Return

Summary

This short-term Chinese equity screen looks for stocks with an intraday range above 1%, current volume above 10,000 lots, a higher open, and a positive return for the day. The stated rationale is that range and volume indicate active trading, while a gap up and positive performance may signal near-term strength. A formula example and a Python reference are included to illustrate screening conditions.

The post acknowledges that the approach relies on short-term price action and omits company fundamentals, leaving it exposed to reversals and losses. It recommends considering fundamental data, broader market conditions, and sentiment measures. No backtest results or performance evidence are given. The examples also leave some operational details unclear, including how intraday volume and daily data are aligned, so the conditions need careful implementation and validation before they can be evaluated as a strategy.

Key ideas

• The screen combines a range threshold, a volume threshold, a higher open, and positive daily performance.
• Its rationale is to find active stocks showing short-term strength.
• The approach omits fundamentals and may fail when market conditions reverse.
• The document offers sample screening logic but no backtest or performance evidence.

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