A Chinese Stock Screen Using Convertible Bonds and 15-Minute MACD

Summary

This Chinese equity screening proposal combines a price-amplitude threshold, a requirement that the stock have an associated outstanding convertible bond name, and a 15-minute MACD condition described as the negative histogram bars becoming shorter. The post presents the amplitude as a measure of price movement and the MACD pattern as a possible short-term signal. It also offers indicator-formula and Python examples, although the Python conditions shown do not clearly implement the stated shrinking-negative-histogram rule.

The author warns that MACD signals can lag and may behave differently across stocks and trading-volume conditions, especially in fast markets. Adding other technical or fundamental measures and applying risk controls are suggested. The document gives no backtest, returns, or other evidence that the screen is predictive. Its convertible-bond filter and MACD description should therefore be checked against the intended data definitions and tested before use; the post itself does not establish an edge.

Key ideas

• The proposed screen combines price amplitude, an associated outstanding convertible bond, and a 15-minute MACD histogram condition.
• The post frames the MACD pattern as a possible short-term trading signal.
• The Python example does not clearly match the stated condition of shrinking negative histogram bars.
• The author notes that MACD can lag and may be less reliable in fast-moving markets.
• No performance evidence is provided, and the suggested additions include other indicators and risk controls.

Tags

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