A Chinese Equity Screen Using MACD, Price Range, and Dividend History

Summary

This post describes a daily stock screen for Chinese equities using three conditions: price amplitude above a threshold, daily MACD above zero, and a dividend measure for 2019 above a stated proportion of price. It says candidates are selected before the market opens and traded at the opening on the first day. The approach mixes a technical momentum signal and price movement with a historical dividend filter.

The post provides example formula references but no performance results or evidence that the combination predicts returns. It warns that historical rules may not fit future conditions, dividends do not ensure future performance, and pre-open selection can be based on incomplete information. It suggests adding fundamental measures such as valuation and profitability or delaying selection for more market information. The available description leaves the exact amplitude calculation and execution details unclear, so it is not enough to reproduce or evaluate the strategy reliably.

Key ideas

• The screen combines a price-amplitude condition, positive daily MACD, and a historical dividend filter.
• It selects stocks before the open and proposes entry at the opening price.
• The post provides no backtest evidence for the screen.
• Historical dividends and early selection can mislead when market conditions change.
• The post suggests adding valuation and profitability measures or waiting for more information.

Tags

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