Stock Screening with RSI, Mid-Range Float Value, and a Rising Weekly Average

Summary

This post proposes screening shares using RSI below 65, a stated circulating market value between 5 billion and 10 billion yuan, and a rising weekly red-bar condition. Its explanation associates the RSI and chart condition with technical weakness and upward movement, while the market-value band is intended to exclude very small or highly concentrated names. The post includes a formula reference and Python examples; the Python section describes the red-bar condition through a five-period moving average rising versus its previous value, then ranks qualifying shares by percentage change when enough candidates exist.

No backtest results or measured performance are presented. The author cautions that a single chart pattern may not fit changing market conditions and may exclude smaller stocks. Suggested refinements include adding other technical signals, assessing business and earnings information, and adapting to broader market trends. The distinction between a weekly condition in the description and the example’s moving-average calculation should be checked before implementation; the screen is a hypothesis, not validated investment advice.

Key ideas

• The proposed screen combines RSI below 65, a circulating market-value band, and a rising weekly condition.
• The Python example uses a five-period moving average rising from its previous value as the red-bar proxy.
• The example ranks qualifying shares by percentage change when the candidate count is sufficient.
• The post presents no performance evidence and warns that a single pattern may not suit all market conditions.
• The weekly description and example calculation may differ, so implementation details need verification.

Tags

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