A Chinese Stock Screen Combining Turnover, Reversal Candles, and Float Value

Summary

This post describes a screen for main-board Chinese stocks with turnover between 3% and 12%, a reversal or engulfing-style setup, and circulating market value between 5 and 10 billion yuan. Its sample indicator logic filters turnover and float value, then identifies a reversal using the day’s high-low range and distances from the previous close. The code also shows a single-date data workflow for collecting daily prices and basic stock information.

The post frames turnover as a liquidity or activity filter and the reversal condition as a possible sign of a rebound. It does not provide a backtest, results, or evidence that the screen identifies future winners. The author cautions that fundamentals and policy influences receive too little attention and suggests adding valuation, profitability, dividend, and other measures. The sample implementation and rationale should therefore be treated as an illustrative screen, not a demonstrated trading edge.

Key ideas

• The screen combines a turnover band, a reversal-style price pattern, and a circulating market-value range.
• The sample reversal calculation uses the daily range and the prior close’s distances from the day’s extremes.
• The post gives example filtering code but reports no backtest or measured performance.
• Fundamental quality and policy conditions are identified as gaps that could affect selection risk.

Tags

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