Stock Screening with Intraday Range, RSI, Rising KDJ, and Relative Strength

Summary

This post describes a stock selection screen requiring an intraday range above 1, RSI below 65, and a rising KDJ K value across successive observations. It interprets the conditions as seeking stocks with notable price movement, without a high RSI reading, and improving short-term momentum. A further code example ranks qualifying stocks by relative price strength and keeps the strongest fifth of the selected group. The post also suggests adding fundamental and industry filters and adjusting KDJ parameters to reduce sensitivity.

The document provides indicator conditions and example calculations, but no backtest, benchmark, sample period, or realized performance. Its claim that the combination may identify stocks in an upward trend is an interpretation, not demonstrated evidence. It warns that the screen omits company fundamentals and can react sharply to changing market conditions, producing risk and false signals. The selection conditions and example ranking would need precise implementation choices and independent validation before use.

Key ideas

• The screen combines an intraday range threshold, an RSI ceiling, and a rising KDJ K value.
• The KDJ condition requires the indicator to increase over two consecutive comparisons.
• The example ranks qualifying stocks by relative price strength and selects the top fifth.
• The author recommends considering fundamentals, industry characteristics, and KDJ parameter sensitivity.
• No backtest or performance evidence is provided, and the screen may generate false signals.

Tags

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