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Current close sits in the upper portion of the 14-week high-low range; current close sits in the upper portion of its 20-week Bollinger Bands; RSI sits above its 20-week recent mean (Bollinger %B applied to RSI).
State
Close in upper portion of 14-week range, upper portion of Bollinger Bands, and RSI above its recent mean
Emergence
Three position readings on the upper side line up: Stochastic %K shows the current close in the upper portion of the 14-week high-low range, Bollinger %B shows the current close in the upper portion of its 20-week Bollinger Bands, and RSI is above its recent 20-week mean (Bollinger %B applied to the RSI series itself). All three observations are sign-asymmetric — they fire only on the upper side; equivalent lower-side configurations score 0–30, not 70+.
Limits
All three readings record where the present close (or RSI) sits within a recent reference frame; none measures momentum direction, predicts mean reversion, or indicates timing. The conventional 'overbought' framing is predictive; the formulas do not make that claim. Prices and RSI can remain in upper portions for extended periods.
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Explanation
Three upper-side position readings co-occur: - Close Position Within Recent High-Low Range (stochastic-standard): where the close sits within the 14-week high-low range (0 = at the low, 100 = at the high). Fires on the upper side only. - Price Position Within Bollinger Bands (bollinger-percent-b): where the close sits within the 20-week Bollinger Bands (0 = at the lower band, 100 = at the upper band). - RSI Above Its Recent Mean (rsi-bollinger-bands): where the current RSI sits within ±2 standard deviations of its own 20-week mean. The three describe a present configuration of price and RSI within their respective recent reference frames. None claims mean reversion follows.
Interpretation
Co-occurrence of three upper-side position readings (range, Bollinger Bands, RSI Bollinger Bands). All three are direction-asymmetric — equivalent lower-side configurations would not fire the observation. The formulas do not claim mean reversion follows.
Required Observations
Price Position Within Bollinger Bands (Bollinger %B)
The close sits in the upper part of its recent Bollinger Bands.
RSI Above Its Recent Mean (Bollinger %B on RSI)
Relative strength sits above its own recent average.
Close Position Within Recent High-Low Range (Stochastic %K)
The close sits in the upper portion of its 14-week high-low range.