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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 obs 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.
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 obs. The formulas do not claim mean reversion follows.
Required Observations
Bollinger Percent B
Current close sits in the upper half of its recent Bollinger Bands
Rsi Bollinger Bands
Current RSI sits above its recent mean within its own Bollinger Bands
Stochastic Standard
Current close sits in the upper portion of its recent high-low range