Stock Screen Using Daily Range, the 10-Day Average, and a Two-Day High

Summary

This short-term stock screen combines daily amplitude above 1%, an opening price within 5% of the 10-day moving average, and a high equal to the highest level across the current and preceding two sessions. The post describes the first filter as a volatility measure, the moving-average condition as indicating a pullback or consolidation, and the high condition as evidence of near-term strength. It includes formula and Python examples and says candidates can be ranked by trading volume.

The post offers no backtest, performance data, or trade examples, so these interpretations are not empirically established. It warns that the rules overlook other technical and fundamental information and focus heavily on short-term movement. It recommends adding valuation measures and examining capital flows, but does not test those additions. The examples also differ in how they calculate amplitude and define the high comparison, so implementation details should be checked before relying on the screen.

Key ideas

• The screen requires amplitude above 1%, an opening price within 5% of the 10-day moving average, and a high matching the highest level across a two-day comparison.
• The post interprets the moving-average condition as a possible pullback and the high condition as short-term strength.
• Candidates are described as rankable by trading volume.
• No backtest or performance evidence is provided, and the post flags limited fundamental and longer-term context.
• The formula and Python examples differ in some calculation details that require verification.

Tags

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