A Chinese A-Share Screen Combining MACD, Positive P/E, and Auction Turnover

Summary

This Chinese A-share stock screen combines three filters: MACD above zero, positive price-to-earnings ratio, and previous-day opening-auction turnover above a stated threshold. The explanation treats positive MACD as a sign of an upward trend, positive P/E as a basic valuation screen, and higher auction turnover as evidence of active trading. It also gives indicator formulas and example screening and ranking logic, including sorting by net buying from large investors.

The document cautions that MACD alone may omit relevant technical information, positive P/E does not establish financial strength, and elevated auction turnover may reflect temporary sentiment rather than fundamental value. It recommends using additional factors and adapting the turnover threshold to market conditions. No backtest or performance evidence is presented, and the code references depend on platform-specific data fields and indicator definitions.

Key ideas

• The screen requires MACD above zero, positive P/E, and previous-day auction turnover above a threshold.
• The document interprets these filters as trend, valuation, and trading-activity signals.
• It proposes ranking qualifying stocks by large-investor net buying.
• The stated risks include incomplete technical and fundamental analysis and temporary turnover-driven sentiment.
• No backtest or performance results are provided.

Tags

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