Stock Screening with RSI, Order-Book Volume, and Turnover

Summary

This Chinese-language post describes a short-term stock screen using three conditions: a 14-period RSI below 65, first-level buy volume greater than first-level sell volume, and prior-day trading value above 60 million. It frames the RSI as a price-condition filter, the order-book comparison as a rough sentiment signal, and turnover as a liquidity or market-interest threshold. The post includes example formula and Python snippets for calculating the conditions and selecting matching stocks.

The post offers no backtest results or performance evidence, and it does not define the market, currency, or data conventions behind the turnover threshold. It warns that the screen focuses on short-term price behavior and may miss fundamental risks. It suggests adding company and industry fundamentals, profitability measures, or other market indicators, but provides no tested optimization. The method is therefore a basic screening recipe rather than a validated trading system; its signals, data timing, and implementation would need careful checking before use.

Key ideas

• The screen requires a 14-period RSI below 65.
• It also requires first-level bid volume to exceed first-level ask volume.
• Prior-day trading value must be greater than 60 million, though the post does not specify the currency.
• The author presents the combined conditions as a way to find stocks that may have short-term upside.
• No empirical performance evidence is supplied, and the post notes that fundamental risks may be overlooked.

Tags

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