A Chinese Stock Screen Combining MACD, Fund Flows, and Dividends

Summary

The proposed Chinese equity screen combines a positive MACD regime, ranking by capital-flow strength, and a high historical dividend measure. The article gives a screening description and sample code that also filters for positive earnings per share, market capitalization, profit growth, and eligible stock-code groups. In the code, MACD is calculated from daily closes and stocks are retained when the MACD line crosses above its signal line. Recent main fund inflows are compared with outflows, and qualifying stocks are sorted by average turnover ratio.

The material is a rule sketch rather than a documented backtest: it provides no return, benchmark, or drawdown evidence. There is also a mismatch between the headline's 2019 dividend criterion and the code's current dividend-yield field, while the written MACD condition and code's crossover test are not identical. The article itself flags risks from indicator errors and unusually high dividends, and recommends checking fundamentals, cash flow, and industry conditions.

Key ideas

• The screen combines MACD conditions, fund-flow strength, and a historical dividend criterion.
• The sample code adds filters for earnings, market capitalization, and profit growth.
• The code ranks qualifying stocks using average turnover ratio after comparing recent main inflows and outflows.
• The written dividend rule and the code's dividend-yield filter do not clearly match.
• No backtest or performance evidence is supplied, and the article identifies fundamental and signal risks.

Tags

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