Screening Filters & Rationale
price_change_pct (min: 0):
- Purpose: Identify assets with positive price momentum.
- Rationale: Positive price changes indicate upward momentum, which is essential for day trading or scalping strategies.
relative_vol (min: 1.5):
- Purpose: Focus on assets with significantly higher trading activity than usual.
- Rationale: High relative volume suggests increased interest and volatility, creating opportunities for quick trades.
beta (HighRisk):
- Purpose: Target high-risk, high-volatility assets.
- Rationale: High beta stocks or assets are more volatile, aligning with momentum trading strategies that capitalize on rapid price movements.
weekly_average_turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity for entering and exiting trades quickly.
- Rationale: High turnover indicates active trading, reducing the risk of slippage during rapid trades.
rsi_14 (min: 70):
- Purpose: Identify overbought assets with strong upward momentum.
- Rationale: RSI above 70 signals strong buying pressure, which can indicate continued momentum for short-term trades.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.