Stock Screening with RSI, Order-Book Imbalance, and Listing Age

Summary

This post outlines an equity screen requiring a 14-period RSI below 65, displayed best-bid volume greater than best-ask volume, and more than one year since listing. The proposed interpretation combines a price-based indicator, a snapshot of apparent buying interest, and a minimum operating history to identify possible short-term opportunities. It includes formula-style and Python examples for calculating the conditions.

The material does not provide backtest results, sample trades, or evidence that the combination predicts returns. It acknowledges that the screen leans heavily on technical data and market sentiment while leaving out company finances and broader economic conditions; requiring a one-year history may also omit newer listings. The order-book quantities are described as buy-one and sell-one volume, so their meaning and timing depend on the data source and could change quickly. The post recommends incorporating business and financial measures, but gives no tested specification for doing so.

Key ideas

• The screen requires RSI below 65, best-bid volume above best-ask volume, and a listing history longer than one year.
• The method combines a technical indicator with an order-book snapshot and an age filter.
• The post suggests adding industry and financial information for broader assessment.
• It reports no test results and notes that the approach may miss newer stocks.

Tags

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