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Screening Filters & Rationale

1. RSI Category (Overbought/Oversold):

   • Purpose: Identify stocks with extreme momentum conditions for potential reversals or continuations.
   • Rationale: Overbought or oversold RSI levels often signal high probability trading opportunities for day traders.

2. Price Change Percentage (Min: 4%):

   • Purpose: Focus on stocks with significant intraday price movements.
   • Rationale: A minimum 4% price change ensures the stock has enough volatility for profitable day trading.

3. Relative Volume (Min: 1.3):

   • Purpose: Highlight stocks with trading activity significantly above their average.
   • Rationale: Elevated relative volume indicates heightened market interest, which often leads to better liquidity and price action.

4. Beta (High Risk):

   • Purpose: Target high-beta stocks that are more sensitive to market movements.
   • Rationale: High-beta stocks tend to exhibit greater price swings, aligning with day trading strategies focused on volatility.

5. Weekly Average Turnover (Min: 1,000,000):

   • Purpose: Ensure sufficient liquidity for entering and exiting trades efficiently.
   • Rationale: High turnover minimizes slippage and supports smoother trade execution for day traders.