Stock Screening with RSI, Three Down Sessions, and Convertible Bonds

Summary

This proposed stock screen combines a 14-period RSI below 65 with three consecutive down sessions and a nonempty field for outstanding convertible bond identification. The post presents the RSI and consecutive declines as technical filters for stocks with recent weakness, while treating the bond-field requirement as a way to select firms associated with convertible debt. It supplies example indicator and Python logic for implementing the conditions.

The rationale for the bond field is not backed by financial analysis, and the article gives no backtest or outcome data. It notes that the restriction may exclude other stocks and that combining technical rules with a single bond-related field may produce speculative selections. It recommends considering additional company measures such as size and valuation, and supplemental bond-related indicators. The stated conditions define a candidate screen, not a validated entry, exit, or risk-management strategy.

Key ideas

• The proposed filter requires a 14-period RSI below 65 and three consecutive declining sessions.
• It also requires a nonempty convertible-bond identifier field.
• The post gives implementation examples but no empirical performance evidence.
• Additional company and bond measures could address limitations of the narrow screening rules.

Tags

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