Stock Screening with Intraday Range, Rounded Price Shape, Volume, and Gap Up

Summary

This short-term stock screen combines four conditions: price amplitude above a threshold, a rounded price pattern approximated by the prior close’s position within a recent high-low range, current volume above a stated level, and an opening price above the previous close. The article interprets these as filters for active trading, a smoother price shape, and positive opening sentiment. It supplies a formula-style reference but no Python implementation.

The document gives no backtest or other performance evidence. It cautions that the approach emphasizes short-term opportunities, that amplitude and the rounded-shape condition may lag and cannot reliably predict direction, and that these filters alone do not capture the full market or fundamental context. It suggests combining additional indicators and company or market information, alongside explicit profit and loss controls. The rule itself leaves the trading horizon, position sizing, and validation process unspecified.

Key ideas

• The screen requires amplitude above a threshold, a rounded position within a recent price range, elevated volume, and a gap-up open.
• The rounded-shape condition is approximated using the prior close against recent highs and lows.
• The article supplies formula logic but no Python implementation or performance results.
• Its author notes that the short-term filters may lag and do not reliably predict price direction.
• Adding broader information and risk controls is suggested, but no validation method is provided.

Tags

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