A Chinese Equity Screen Using Control, Weekly MACD, Volume, and Turnover

Summary

This Chinese stock-selection note starts with conditions for price amplitude, a measure labeled as today’s control, and a positive weekly histogram. Its proposed expanded screen adds a positive MACD condition, current volume above its five-day average, turnover below a stated threshold, and positive net buying attributed to the market leaderboard. The article includes example formula and Python-style implementations intended to rank or select stocks.

The document characterizes the initial conditions as a possible way to identify bottom reversals, but offers no backtest, sample, or measured results to support that claim. It also acknowledges that a narrow technical screen can miss broader market, macroeconomic, and event risks, and that indicators can produce false or delayed signals. The implementation’s units and definitions should be checked against the data platform, especially for amplitude, control, turnover, and the weekly MACD condition. No portfolio construction, entry timing, exit rules, or position sizing are specified.

Key ideas

• The initial screen combines price amplitude, a control measure, and a positive weekly histogram.
• The expanded version adds volume, turnover, MACD, and net leaderboard buying conditions.
• The article gives formula and Python-style examples but reports no performance evidence.
• Indicator definitions and units need checking in the selected data platform.
• The screen omits explicit portfolio, exit, and position-sizing rules and remains exposed to market risks.

Tags

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