A Chinese Equity Screen Combining Turnover, Recent Gains, and a Morning Star Pattern

Summary

The proposed Chinese stock screen selects shares with turnover between 3% and 12%, a positive 10-day gain below 35%, and a pattern described as a morning star. The article also sketches filters for excluding certain listing boards, recently listed firms, ST-designated shares, and stocks below a stated market-cap threshold. Its Python example examines daily price bars to approximate gap, candle-body, shadow, and sequence conditions for the pattern.

The post argues that combining activity, recent performance, and a candlestick setup may refine selection, and suggests adding technical and fundamental measures. It gives no backtest, benchmark, or evidence that the screen improves returns. The written pattern interpretation and example conditions may not align cleanly, and the code includes implementation choices that require review before use. These filters are therefore a screening recipe, not an established trading strategy.

Key ideas

• The screen combines turnover, a bounded 10-day price gain, and a morning star pattern.
• The example adds exclusions based on listing venue, listing age, ST status, and market capitalization.
• The code approximates the candlestick setup using gaps and daily open, close, high, and low values.
• The post supplies no backtest or evidence of profitability, and its pattern rules need scrutiny.

Tags

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