Stock Screening with RSI, Order-Book Volume, and Share Float

Summary

This note describes a Chinese equity screen combining a 14-period RSI below 65, bid-side volume greater than ask-side volume, and a circulating share count capped at 5.5 billion. It presents the criteria as a way to find stocks with a relatively moderate RSI reading, stronger displayed buying interest, and a share float the author considers easier to trade. Formula and Python examples illustrate how the conditions might be expressed, though the examples do not fully agree on the market-cap and volume fields used.

The article offers no backtest, performance figures, or evidence that the screen predicts returns. It warns that the rules omit company fundamentals, industry trends, and market volatility, and recommends broader analysis and risk controls. The RSI threshold alone does not establish that a stock is oversold, and displayed order-book quantities can change quickly; the screen should therefore be treated as a preliminary selection rule rather than a validated strategy.

Key ideas

• The screen requires a 14-period RSI below 65.
• It selects stocks when displayed bid volume exceeds ask volume.
• It limits the circulating share count to 5.5 billion shares.
• The article provides formula and Python examples, but their screening fields do not fully match.
• It reports no performance evidence and cautions that fundamentals, industry conditions, and market risk are omitted.

Tags

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