A Chinese Stock Screen Using Turnover, Three-Day Weakness, and Price

Summary

The document describes a Chinese stock screen combining turnover between 3% and 12%, a three-day price decline condition, and a specified share price. Its narrative specifies 18.5 yuan, while the heading refers to 18, so the target price is inconsistent. It provides examples for expressing the screen in a charting formula and in Python, alongside a brief discussion of the selection logic.

The examples do not implement identical criteria: the formula uses moving-average conditions and a candle comparison, while the Python example checks a descending sequence of closing prices and does not calculate turnover. The document offers no backtest, performance evidence, or detailed execution rules. It notes that the screen omits company fundamentals and industry characteristics, and suggests combining such inputs in a broader factor model. Treat the code as illustrative rather than a verified, reproducible strategy.

Key ideas

• The proposed screen combines a turnover band, recent price weakness, and a fixed share price.
• The stated price threshold differs between the heading and the body.
• The formula and Python examples do not implement all conditions in the same way.
• The document provides no evidence of historical or live performance.
• The author identifies missing fundamental and industry filters as limitations.

Tags

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