Stock Screening with RSI, 15-Minute MACD, and Prior-Year Limit-Ups

Summary

This stock-pool screen combines an RSI below 65 with a 15-minute MACD histogram described as having shorter green bars, and a history of at least one limit-up move during 2021. The rationale is to use momentum indicators alongside past evidence of sharp price activity. The article suggests adding volume or other indicators, excluding selected high-risk stock types, and reviewing company results, valuation, and industry conditions before making decisions.

It includes indicator references and a Python example, but reports no backtest or returns. The implementation has important ambiguities: it calculates RSI from daily data, checks a MACD histogram comparison whose direction may not match shrinking negative bars, and tests whether the final 2021 high equals the period’s maximum rather than directly identifying a limit-up event. The historical filter may also favor past extreme movers and says little about current fundamentals or future performance.

Key ideas

• The proposed stock pool combines RSI below 65, a 15-minute MACD histogram condition, and a 2021 limit-up history.
• The article recommends adding other market measures and examining company and industry fundamentals.
• The Python example uses daily data for RSI and does not clearly implement the stated limit-up test.
• The MACD comparison in the example may not correspond to shrinking green bars.
• No performance evidence is supplied, and the historical screen does not establish future returns.

Tags

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