Stock Screening with Weekly MACD, RSI, and Price Amplitude

Summary

The document outlines a technical stock screen requiring daily price amplitude above a threshold, weekly MACD above zero and above its signal line, and RSI below a ceiling. It describes amplitude as a short-term movement measure, weekly MACD as a trend filter, and RSI as a gauge of recent price gains and losses. Formula and Python examples show ways to calculate or apply these conditions, although the code's data handling and timeframe details do not consistently mirror every stated rule.

The article frames the screen as a reference for stocks with favorable technical conditions, not as a demonstrated trading system. It warns that technical-only selection can expose users to volatile stocks while ignoring financial results, and suggests complementing it with company and industry measures. No backtest results, comparison, or evidence of profitability is presented, so the criteria should be treated as a screening hypothesis rather than validated advice.

Key ideas

• The screen combines price amplitude, weekly MACD direction, and an RSI ceiling.
• The examples use indicator formulas and a Python data workflow, but implementation details should be checked against the stated timeframes.
• Technical filters alone do not account for company financial condition or industry context.
• The document suggests adding fundamental measures to broaden evaluation.
• No empirical performance evidence is provided.

Tags

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