A Chinese Stock Screen Using MACD, Moving Averages, and Turnover

Summary

This Chinese-language article outlines an A-share stock selection screen combining positive MACD, upward-moving averages, and recent turnover. The initial description calls for turnover above 8% on the prior day; its proposed revision uses a three-day average. The article interprets positive MACD and rising averages as signs of upward momentum, while turnover is intended to represent trading activity. It also gives example indicator definitions and screening and ranking formulas, though parts of the examples do not appear to match the prose exactly.

The suggested ranking sorts by price change, and the article proposes adding indicators such as RSI, broader market conditions, longer turnover averages, and company fundamentals. It cautions that a single day’s turnover may not represent investment value, that narrow technical criteria can miss candidates, and that short-term signals can overlook fundamentals. No backtest, transaction costs, or performance evidence is reported, so the screen should be treated as a selection idea requiring validation.

Key ideas

• The screen combines positive MACD, rising moving averages, and a turnover threshold.
• The article revises its turnover condition from a prior-day measure to a three-day average.
• It suggests ranking selected stocks by price change and adding broader indicators or fundamental data.
• The article warns that narrow technical screens and single-day turnover may provide an incomplete view.
• No performance evaluation or trading-cost analysis is provided.

Tags

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