A Chinese Equity Screen Using MACD, Rising Averages, and Prior-Day Limits

Summary

This Chinese-language post describes an A-share screening idea combining MACD above zero, upward-diverging moving averages on the current day, and a prior day that did not reach the upper price limit. It interprets these conditions as indicating positive momentum and an upward trend, while avoiding stocks that had already shown an unusually strong move the previous day. The post includes reference formulas for MACD and short moving averages, along with a sample screening expression.

The author cautions that the conditions are broad and may return many stocks, and that excluding prior limit-up stocks may overlook relevant cases. Suggested refinements include adding indicators such as RSI or KDJ, fundamental valuation measures, and more detailed measures of the prior day's move and turnover. No backtest results or evidence of profitability are reported, and the sample rules do not establish how to manage entries, exits, or risk.

Key ideas

• The screen combines MACD above zero with upward-moving averages and no prior-day upper-limit close.
• The post interprets the conditions as signals of positive momentum and an upward trend.
• The author warns that the broad rules may select too many stocks.
• Suggested refinements include additional technical indicators, valuation measures, and more detailed price and turnover filters.
• The document reports no backtest results or risk-management rules.

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