Stock Screening with Price Range, RSI, and Buy-Sell Volume

Summary

This stock-screening idea combines a daily price-range threshold, an RSI ceiling, and buying volume greater than selling volume. The range condition is intended to find stocks with movement, while RSI below the stated cutoff avoids the strongest overbought readings. The buy-versus-sell volume condition is used as a rough indicator of demand. A further ranking step orders qualifying stocks by relative price strength and keeps the strongest portion of the list.

The document gives indicator formulas and example selection logic, but it reports no backtest, returns, or other performance evidence. It notes that volume conditions can change quickly and that technical and trading data alone omit company fundamentals. It suggests adding measures such as traded value, capital flows, financial statements, and governance, but does not define how to combine them or validate the resulting screen. The criteria therefore describe a candidate filter rather than a demonstrated trading strategy; its usefulness depends on precise data definitions, testing, and subsequent trade rules.

Key ideas

• The screen selects stocks using price amplitude, an RSI ceiling, and buying volume above selling volume.
• Qualifying stocks are ranked by relative price strength, with the strongest fraction retained.
• Volume imbalance is a changing market signal and can make selection results uncertain.
• The method omits fundamentals unless additional financial and company-quality filters are introduced.
• The document provides no evidence that the screening rules produce profitable trades.

Tags

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