Weekly Stock Screen Using Amplitude, RSI, and a Moving-Average Cross

Summary

This stock-selection method combines three technical conditions: daily price amplitude above a threshold, RSI below a ceiling, and a weekly trend-cross signal involving the 30-week moving average. The article presents amplitude as a way to find active stocks, RSI as a filter against highly overbought conditions, and the weekly signal as a measure of longer-term direction. It also suggests ranking selected stocks by relative price strength and keeping the strongest portion of the list.

The document includes indicator formulas and example selection logic, but it does not report a backtest, benchmark, or realized trading results. It cautions that the screen may miss good candidates or include risky ones, and that weekly signals can be unstable. The stated cross description and sample formulas are not fully consistent in how they define the signal, so implementation details should be clarified before use. It recommends adding market-trend and fundamental checks, but does not specify or validate them.

Key ideas

• The screen combines price amplitude, an RSI ceiling, and a weekly trend-cross condition.
• The weekly signal is intended to represent longer-term direction.
• The article proposes ranking candidates by relative price strength.
• It cautions that the screen may be unstable and may select risky stocks.
• The document provides no backtest or performance evidence, and its cross definition needs clarification.

Tags

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