Stock Screening for High Range, a Ten-Day Average Open, and Rising Lows

Summary

This post describes a technical stock-selection rule combining a prior-session price range above 1%, an opening price within 5% of the ten-day moving average, and a pattern intended to identify rising lows. Example formulas operationalize the range and moving-average conditions and examine rolling lows over several lookback windows. The idea is to find volatile shares trading near a short-term average while showing possible support formation.

The post offers no backtest or return evidence. It explicitly cautions that rising lows do not guarantee a rebound, that technical signals can miss other relevant influences, and that following the pattern may lead to losses. It recommends considering financial data and broader market conditions and reviewing the rules periodically. The code gives one possible interpretation of “rising lows,” but that construction should be validated against the intended pattern before use; the screen itself is a heuristic, not a demonstrated strategy.

Key ideas

• The screen combines a prior-session range threshold, an opening price near the ten-day average, and a rolling-low pattern.
• The moving-average condition places the opening price within five percent of the average.
• The example pattern checks lows over multiple lookback windows as a proxy for support or a rising base.
• The post warns that this pattern does not ensure a rebound and may produce losses.
• No performance evidence is supplied, and the technical rules may require validation and broader context.

Tags

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