Stock Screen Combining Daily Range, Two-Day Highs, and Weekly MA Crossover

Summary

This technical stock screen selects shares with a daily high-low range above one percent of the previous close, a high equal to the greater of the current and prior day's highs, and a weekly five-day moving average crossing above the ten-day average. The proposed combination seeks short-term price activity alongside a longer-horizon bullish average signal.

The post also proposes adding fundamental filters and indicators such as MACD and RSI, but gives no tested results for those additions. It identifies two limits: the rules rely mainly on technical data and may omit company fundamentals, while moving-average signals lag price changes. The example formulas clarify the intended filters, though the screening rule itself does not define portfolio construction, entries after selection, exits, or position sizing. No backtest, benchmark comparison, or evidence of returns is supplied, so the screen should be treated as a hypothesis for evaluation rather than a validated strategy.

Key ideas

• The screen requires a daily range greater than one percent of the previous close.
• The current high must match the higher high across the current and prior trading days.
• A weekly five-day moving average crossover above the ten-day average supplies the longer-term filter.
• The post suggests adding fundamental data and other indicators, but reports no assessment of those additions.
• Lagging signals and missing portfolio and trade-management rules limit what can be inferred from the screen.

Tags

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