Intraday Stock Screening with Range, Two-Day High, Volume, and Gap-Up Filters

Summary

This screening rule looks for stocks with an amplitude above one percent, a current high matching the highest high over two days, current volume above ten thousand lots, and an opening price equal to the high. The document frames the combination as a way to find volatile, actively traded stocks making a strong upward move at the open, potentially for intraday trading. It provides equivalent formula concepts and a schematic Python example, while noting that implementation depends on the platform’s indicator conventions.

The article cautions that the rule relies on price and volume behavior, omits company fundamentals and broader market conditions, and may be vulnerable to short-term fluctuations. It recommends adding other technical and fundamental filters, but does not define or test them. There is no backtest, execution analysis, or evidence of profitability. The screen describes candidate selection only; it does not specify position sizing, exits, or risk controls.

Key ideas

• The screen combines a range threshold, a two-day high, elevated current volume, and an opening price at the high.
• The article presents the rule as a possible intraday stock selection method.
• Its conditions focus on technical price and volume behavior rather than fundamentals.
• The suggested additional filters are not specified or evaluated.
• No backtest or evidence of profitability is provided.

Tags

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