A Chinese Stock Screen Using Amplitude, Control, and Moving Averages

Summary

This Chinese-language post proposes a daily stock screen combining price amplitude above 1%, a controlling-shareholder measure above 21%, and an upward relationship between short and longer moving averages. Its examples describe the moving-average condition using a five-day average crossing above a ten-day average, and suggest ranking selected stocks by recent price change. The screen is presented as a way to identify shares with active movement, a particular ownership-related signal, and improving price direction.

The post acknowledges that the rules omit company fundamentals and that technical indicators can lag, so selected shares may not continue to perform well. It recommends adding fundamental and industry information and considering supplementary indicators. No backtest results, benchmark comparison, transaction-cost analysis, or precise validation of the screening logic are provided. The examples also express the control measure differently, limiting confidence that the condition is implemented consistently.

Key ideas

• The proposed screen combines daily amplitude, a controlling-shareholder measure, and moving-average direction.
• The moving-average example compares five-day and ten-day averages.
• The example ranks qualifying shares by recent price change.
• The author notes that the screen omits fundamentals and relies on potentially lagging indicators.
• The document provides no backtest evidence or transaction-cost analysis.

Tags

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