A 15-Minute MACD and RSI Screen for Short-Term Stock Setups

Summary

This Chinese stock-screening note combines three technical conditions: RSI below 65, a current high equal to the highest high across two days, and a shortening green MACD histogram bar on a 15-minute chart. It supplies indicator formula references and a Python example using stock histories, RSI, and MACD calculations. The proposed interpretation is that these filters may identify stocks with short-term rebound potential, though the note does not provide backtest results or other evidence that the setup predicts returns.

The author warns that a short-horizon screen centered on MACD can produce noisy signals and should not prompt automatic buying or selling. Suggested refinements include adding other technical or fundamental measures, accounting for longer-term trends, and defining exits and position limits. There is a mismatch between the stated 15-minute MACD condition and the Python example, which calculates from historical closing prices without clearly constructing 15-minute bars. The screen is therefore best understood as an illustrative filter requiring precise implementation and independent evaluation.

Key ideas

• The screen requires RSI below 65, a two-day highest high, and a shortening green MACD histogram bar on a 15-minute interval.
• The example calculates RSI and MACD from stock price histories and includes additional data-quality filters.
• The note presents the setup as a possible short-term rebound screen but offers no performance evidence.
• The Python example does not clearly build or use 15-minute bars for its MACD calculation.
• The author recommends combining signals with broader trend context and explicit risk controls.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.