A Chinese Stock Screen Using Weekly MA Crossovers and Opening Price

Summary

The document describes a Chinese equity screening idea that combines daily price amplitude above 1, a weekly five-period moving average crossing above the ten-period average, and an opening price near the ten-day average. The stated rationale is to find stocks with recent activity and a potentially favorable trend, using volatility and moving averages as technical signals.

It also gives example indicator formulas and a Python sketch that checks whether the latest opening price is within 3% above the ten-day average and whether the five-day average exceeds the ten-day average. The example does not clearly implement the stated weekly crossover or amplitude condition, so it should not be treated as a faithful backtest of the full screen. No performance evidence is supplied. The author cautions that technical signals can mislead and omit company or industry fundamentals, and suggests combining them with other technical and fundamental measures.

Key ideas

• The screen combines price amplitude, a weekly moving-average crossover, and an opening price near the ten-day average.
• The stated aim is to identify active stocks with a developing trend.
• The sample Python logic checks daily moving averages and an opening-price range, but omits parts of the described screen.
• The document provides no backtest results and warns that technical indicators can misjudge trends or ignore fundamentals.

Tags

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