Stock Screening with RSI, Large-Order Flow, and Daily Gains

Summary

This stock screen selects main-board shares using a combination of a relative strength index below 65, the product of daily percentage change and a large-order net-flow measure above a threshold, and a daily gain greater than 1%. The accompanying sample code adds further filters, including positive valuation fields, exclusion of shares marked as special treatment, a positive close-versus-prior-close condition, and a limit on the returned list. The stated rationale combines a technical indicator, trading-flow data, and current price action.

The article does not report a backtest or demonstrate that the selection rules produce returns. It flags data quality and the limits of technical signals, and notes that focusing on today's gain ignores historical trends. Some code fields and filters are not fully defined in the explanation, including the large-order flow measure and RSI input, so the implementation requires data-source validation. Fundamental, sector, and broader market context are also absent from the core rule.

Key ideas

• The screen combines RSI below 65, a price-change and large-order-flow condition, and a daily gain threshold.
• It is intended for main-board stocks and includes sample code with additional filters.
• The document gives a rationale but no backtest evidence or measured performance.
• It identifies incomplete data, omitted historical context, and technical-signal limitations as risks.
• The code's data fields and some conditions require validation before use.

Tags

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