Scalping high profit %

Screening Filters & Rationale

1. Relative Volume > 1.5:

   • Purpose: Identify stocks with significantly higher trading activity than usual.
   • Rationale: Increased volume often signals heightened interest, which can lead to rapid price movements suitable for scalping.

2. High Beta:

   • Purpose: Focus on high-risk stocks with greater price volatility.
   • Rationale: Volatile stocks provide more opportunities for quick, high-percentage gains during scalping.

3. RSI (14) between 30 and 50:

   • Purpose: Target stocks that are recovering from oversold conditions but not yet overbought.
   • Rationale: This range suggests potential upward momentum without being overextended, ideal for short-term trades.

4. Price Crossing Above 20-Day Moving Average:

   • Purpose: Identify stocks breaking above a key technical resistance level.
   • Rationale: Such breakouts often indicate the start of a bullish trend, aligning with scalping strategies.

5. Weekly Price Change > 1%:

   • Purpose: Ensure stocks have shown recent positive momentum.
   • Rationale: Positive weekly performance suggests strength and increases the likelihood of continued upward movement.