Stock Screening with Rising Lows, Amplitude, and a Low Price Threshold
Summary
The document describes a stock screen combining price amplitude above 1, rising bottoms, and a low-price condition expressed as a prior low below 20. It provides sample indicator logic and partial Python code, and suggests adding volume or moving-average filters and setting profit-taking and stop-loss rules. The intended idea is to find stocks showing upward movement in their lows while meeting a price constraint.
No backtest, performance figures, or evidence of profitability is supplied. The explanation also leaves key definitions unclear: the amplitude threshold and the meaning of “bottom” depend on implementation, and the code’s use of high-price variability differs from the stated amplitude rule. The low-price cutoff is not adjusted for differences in share prices or corporate actions. Treat this as an illustrative screening recipe that needs precise definitions, data checks, and historical evaluation before use.
Key ideas
- The proposed screen combines amplitude above 1 with a pattern of successively higher bottoms.
- It adds a condition requiring the previous low price to be below 20.
- The document suggests volume and moving-average filters as possible additions.
- It recommends setting exit and loss-control rules, but provides no tested results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.