A 15-Minute Stock Screen Using MACD Histogram, Amplitude, and Positive P/E

Summary

The proposed stock screen combines three conditions: intraday amplitude above one percent, positive price-to-earnings ratio, and a shrinking negative MACD histogram on a 15-minute chart. The article interprets the amplitude filter as a way to find more active stocks, positive P/E as indicating a company is profitable, and the MACD condition as a possible short-term selling signal. It offers example formulas and a Python outline for applying the screen to 15-minute stock data, though the sample omits the actual P/E calculation.

The article gives no backtest results or measured performance. It notes that MACD can lag and that a signal may arrive after a decline is underway; the screen may also miss stocks in longer-term uptrends. Suggested refinements include adding other technical indicators and fundamental measures, but these are proposals rather than tested improvements. The rule is therefore a screening concept, not evidence of a validated trading strategy.

Key ideas

• The screen requires amplitude above one percent, positive P/E, and a shrinking negative MACD histogram.
• It applies MACD on 15-minute stock data and treats the signal as a possible selling opportunity.
• The sample Python outline leaves P/E filtering unimplemented.
• The article warns that MACD lag and longer-term uptrends can limit the screen.
• No performance results are provided for the proposed conditions or refinements.

Tags

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