Screening Stocks by Intraday Range, Control Activity, and Daily Return

Summary

The strategy selects stocks with an amplitude above 1, a daily control measure above 21, and a daily return between -5% and 2.6%. The document describes these as technical, control-activity, and price-change filters intended to identify shares with possible short-term upside. It supplies example indicator formulas and Python-style logic, but offers no backtest results, return data, or comparison with a benchmark.

The post warns that market, industry, and company conditions can make the signals fail, and that indicators may react late. It suggests adding fundamental and industry analysis, other technical or volume-price measures, adaptable thresholds, and position controls. The final proposed screen also mentions favorable financial and industry conditions, though it does not define those tests. The thresholds and signals therefore remain a rough screening recipe rather than a validated trading system.

Key ideas

• The screen combines amplitude above 1, a control measure above 21, and returns between -5% and 2.6%.\nThe post frames the criteria as a short-term stock selection approach.\nIt identifies lagging signals and changing company or industry conditions as risks.\nIt proposes adding fundamentals and risk controls but provides no performance evidence.

Tags

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