Screening Stocks by Daily Range, Two-Day High, and Rising KDJ

Summary

This stock screen combines three daily technical conditions: percentage amplitude above 1, a high equal to or above the prior day's high, and a positive change in the KDJ K value. The stated rationale is to find shares showing activity and near-term upward movement. The document provides formula and code references for expressing these conditions, but reports no backtest, sample, or performance evidence.

Its discussion cautions that the screen omits other technical and fundamental information, including company quality, and that KDJ can lag price movements. Suggested refinements include adding indicators such as RSI or MACD, considering valuation and company results, and using clearer execution and risk controls. These are general suggestions rather than tested improvements, so the screen alone does not establish future return potential or robustness.

Key ideas

• The screen requires daily amplitude above 1 and a high at least as large as the previous day's high.
• A positive change in the KDJ K value is the third selection condition.
• The document provides formula examples but no empirical performance evidence.
• It identifies indicator lag and omitted company fundamentals as limitations.

Tags

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