A Chinese Stock Screen Using Turnover, Code Prefix, and MACD

Summary

The post describes a Chinese equity screen requiring a turnover rate between 3% and 12%, a stock code beginning with 60, and a positive daily MACD reading. It frames positive MACD as a sign of an upward trend and moderate turnover as a selection constraint. The article also includes example implementation references for a screening formula and a Python workflow that retrieves stock and daily price data, calculates MACD, filters by turnover, and ranks candidates by price change.

The author acknowledges that technical filters alone omit company fundamentals such as profitability and growth, and suggests combining them with fundamental measures and stronger risk controls. No backtest methodology or validated performance results are supplied, and the code’s data handling and turnover thresholds may need careful interpretation before use. The screen is a rule-based candidate filter, not evidence that selected stocks will outperform.

Key ideas

• The screen selects stocks with code prefix 60, daily MACD above zero, and turnover within a stated range.
• The post proposes MACD as a trend filter and turnover as an activity constraint.
• Its example workflow filters candidates and ranks them by observed price change.
• The author recommends adding fundamental measures such as profitability and growth.
• No rigorous backtest or evidence of strategy performance is provided.

Tags

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