Screening Stocks with Intraday MACD, RSI, and Amplitude

Summary

This stock screen combines three conditions: amplitude above 1, a shortening negative MACD histogram on a 15-minute chart, and RSI below 65. It aims to find shares with notable price movement whose short-term MACD remains negative but is improving, while RSI is below the stated threshold. The document also sketches indicator formulas and a Python workflow using market data and technical analysis libraries.

The author notes that MACD can lag, RSI signals can conflict, and the screen omits fundamental information. The suggested improvements are to combine more indicators and assess shortlisted stocks further. No backtest results, performance evidence, or detailed trading and risk rules are provided, so the conditions should be treated as a screening recipe rather than a validated strategy.

Key ideas

• The screen requires amplitude above 1 and RSI below 65.
• It looks for a negative 15-minute MACD histogram that is becoming less negative.
• The document flags indicator lag, conflicting RSI signals, and missing fundamental analysis as limitations.
• It provides formula and Python examples but reports no performance evaluation.

Tags

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