Stock Screening with RSI, Large-Order Flow, and Limit-Up History
Summary
This equity screen combines an RSI ceiling with a condition involving the product of percentage price change and net volume attributed to very large orders. It also requires at least two limit-up events within a 500-day lookback. The stated rationale is to combine a technical indicator, a measure of price and large-order activity, and evidence of past strong price moves. The document includes an RSI definition reference and sample screening code, but provides no backtest results or measured performance.
The proposed interpretation is that the RSI filter may avoid some higher-risk stocks, while limit-up history identifies shares that have shown pronounced moves. The source cautions that this approach relies heavily on price behavior and may overlook company fundamentals such as financial condition and profitability. It also notes that limit-up events may be less common in unstable markets. Adding valuation, dividend, or earnings-growth measures is suggested, but no weighting method or evidence for those changes is supplied.
Key ideas
- The screen combines an RSI threshold, price change multiplied by large-order net volume, and limit-up history.
- It uses a 500-day lookback and requires at least two limit-up events.
- The document gives a rationale and sample code but no reported test results.
- It warns that price-based filters omit fundamentals and may be sensitive to market conditions.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.