Stock Screening with Range, RSI, and Rising MACD DEA

Summary

The document proposes a stock screen requiring percentage high-low range above 1, RSI below 65, and a rising DEA value from MACD. It interprets range as a measure of price movement, RSI as an overbought or oversold gauge, and DEA as a trend-related indicator. A sample implementation also ranks qualifying stocks by relative price strength and retains the strongest fifth, although it does not define a complete portfolio or trading schedule.

The note acknowledges that technical indicators alone omit company fundamentals and may produce unstable or inaccurate selections. It suggests adding measures such as revenue, profit, and dividend yield, but supplies no tested evidence that these changes improve results. The formula references and sample code are illustrative and should be checked for consistency with standard indicator definitions before use. No backtest, transaction cost analysis, risk controls, or benchmark comparison is provided.

Key ideas

• The screen combines a range threshold, an RSI ceiling, and an upward DEA condition.
• The example additionally ranks qualifying stocks by relative price strength and keeps the top fifth.
• The document recommends considering fundamental measures alongside technical signals.
• No performance test or risk analysis is presented, and formulas should be independently verified.

Tags

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