Stock Screening with RSI, Three Down Closes, and a Weekly Red-Bar Signal

Summary

This Chinese-language post describes an equity screening rule that selects stocks with a 14-period RSI below 65, three consecutive bearish sessions, and a weekly red-bar signal. The combination is presented as a way to find stocks that have recently weakened but may show short-term rebound characteristics. Indicator formulas and example implementations in two platforms are included, though the post does not report a backtest or measured returns.

The author notes that the screen may overlook market sentiment and other technical or fundamental information, including moving averages, and that the weekly red-bar condition may not fit all stocks. Suggested refinements include adding sentiment and financial data, considering other technical indicators, and revisiting the rebound condition. These are proposals rather than tested improvements. The rule is a screening hypothesis, not a complete trade plan: it specifies no portfolio construction, entry execution, exit rule, or risk controls.

Key ideas

• The screen requires RSI below 65, three consecutive bearish sessions, and a weekly red-bar signal.
• The rule aims to identify recent weakness alongside a possible short-term rebound pattern.
• The post supplies formula and code examples but no reported performance evidence.
• The author identifies omitted sentiment, fundamental, and technical factors as limitations.
• The screen provides no portfolio, execution, exit, or position-risk rules.

Tags

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