A Chinese Stock Screen Combining Price Signals and Circulating Share Count

Summary

The document presents a Chinese equities screening idea that combines price and volume conditions with a cap on circulating shares. Its stated selection logic uses an amplitude threshold, a low K-line value, and circulating share capital of no more than 5.5 billion shares. It also supplies example Tonghuashun formula and Python logic, which add conditions involving a transformed price series relative to its moving average, rising volume, a five-period low-price comparison, and the day’s high-low range. The code’s conditions do not map cleanly to every item in the prose description, so the exact screen should be checked before use.

The author cautions that the approach relies on a small set of technical and basic data inputs, may overlook macroeconomic or market regime changes, and depends on accurate, timely share-count data. Suggested refinements include reviewing company financial health, industry characteristics, and risk controls. The document provides no backtest results or evidence of returns; its broader recommendations are not implemented in the example code.

Key ideas

• The proposed screen combines price and volume signals with a maximum circulating-share count.
• The article gives example implementations in Tonghuashun formula syntax and Python.
• Some coded filters differ from or add detail beyond the prose selection criteria.
• The author identifies limited factors, macro conditions, and share-count data quality as potential weaknesses.
• No performance results are reported, and suggested fundamental checks are not implemented in the sample logic.

Tags

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