RSI crossing above 30 after a 70%+ red-candle stretch (last 10 bars) with at least one high-volume and large-body candle in that window.
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Four filters must simultaneously be true. First, RSI(14) crosses above 30 — the Relative Strength Index rises from below 30 to above it on the current bar. Second, more than 70% of the last 10 bars were red (close below open), meaning at least 7 of 10 recent candles sold off. Third, volume exceeded 1.3x the 20-period average in at least one of those 10 bars, confirming real selling participation rather than low-liquidity drift. Fourth, the candle body was more than 40% of ATR(14) — the Average True Range — in at least one of those 10 bars, confirming decisive selling pressure rather than narrow, indecisive candles. Together, these four filters identify an RSI bounce out of genuine capitulation context, not just a brief dip below 30.
Most traders do not enter on the RSI cross bar itself but wait for a confirming close above a nearby resistance level or the first green candle that retests and holds the RSI-30 crossover bar's close. The primary failure mode is a temporary bounce within a sustained downtrend: RSI crosses above 30, spends a few bars recovering, then rolls back below 30 as fundamental selling resumes — the classic dead-cat-bounce scenario. on the Daily timeframe, the setup targets multi-day to multi-week bounce trades; on the 1-Hour, the same structure resolves over hours rather than days. For a simpler version without capitulation qualifiers, see RSI Oversold Bounce. For the five-filter compound extreme, see Capitulation Setup.
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This screener finds stocks where a technical capitulation event appears to be resolving: RSI(14) has just crossed back above 30 after a period when more than 70% of the last 10 candles were red, at least one candle had volume exceeding 1.3x the 20-period average, and at least one candle had a body exceeding 40% of ATR(14). The Relative Strength Index cross back above 30 marks the bounce entry; the other filters qualify the prior selldown as an extreme, high-conviction move rather than a gradual drift. Swing traders and contrarian day traders searching for "RSI capitulation bounce" or "oversold reversal with volume confirmation" are the primary users.
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