Stock Screening with RSI, Daily Gains, Board Type, and Control Ratio

Summary

This post presents an equity screen requiring RSI below 65, a daily gain above 1%, main-board listing, and a daily control ratio of at least 21%. The author describes the control ratio as a measure based on trading volume exceeding sell volume and interprets a high reading as evidence of buying support. The rule therefore combines a technical indicator, recent price momentum, a market-segment filter, and a same-day flow measure.

The post supplies an indicator formula and sample code, but no backtest, performance results, or evidence that these conditions identify lower-risk stocks. Its explanations also include claims about RSI and market behavior that are not substantiated in the document. The author cautions that a single-day control ratio may not represent persistent flows and that the added threshold can narrow the eligible universe. Suggested improvements include combining other technical, fundamental, or flow measures and maintaining risk controls. Data definitions and code implementation would need validation before research or deployment.

Key ideas

• The screen requires RSI below 65 and a daily price gain above 1%.
• It limits candidates to main-board stocks with a control ratio of at least 21%.
• The author interprets the control ratio as a measure of same-day buying pressure.
• A one-day reading may not represent longer-term capital flows.
• The document gives no performance evidence for the proposed screen.

Tags

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