Stock Screening with Price Range, Turnover, and Rising Lows

Summary

This stock screen combines three technical conditions: daily price amplitude of at least one percent, turnover above two percent and no greater than nine percent, and a pattern of rising lows. The accompanying explanation interprets the combination as seeking volatile, actively traded stocks whose price may be strengthening from a bottom. It includes indicator and Python examples as references for expressing the conditions.

The post warns that the screen ignores company fundamentals, relies on a potentially subjective definition of a rising bottom, and uses past price behavior that may not predict future markets. It suggests adding fundamental measures or other technical indicators and making the bottom criterion more objective. The examples should be treated cautiously: the Python turnover calculation uses volume comparisons rather than a clearly defined turnover-rate field, and its low-price checks do not exactly match the stated formula. No backtest, performance evidence, or complete execution rules are supplied.

Key ideas

• The screen requires price amplitude of at least one percent and turnover above two percent through nine percent.
• It also looks for a sequence of higher price lows as a possible bottoming signal.
• The rationale combines volatility, trading activity, and technical price structure.
• The post cautions that the method omits fundamentals and that bottom patterns can be subjective.
• The sample implementations do not fully align with the stated turnover and rising-low definitions.

Tags

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