A Chinese Stock Screen Using Weekly MACD, Range, Volume, and Gaps

Summary

This stock-screening proposal combines four conditions: daily high-low range above one percent of the prior close, weekly MACD above zero with its line above the signal line, current volume above ten thousand lots, and an opening price above the previous close. It presents the combination as a way to find stocks with active trading and a positive technical backdrop. Formula references and a Python sketch are included to illustrate the conditions, though the code’s data handling and indicator references are not fully explained.

The author cautions that the screen relies on technical factors and may miss market changes or nontechnical influences. It also points to possible relationships among intraday movement, volatility, and volume, and suggests adding fundamental inputs and stronger data support. No backtest results, benchmark, holding period, or risk-adjusted performance are reported, so the rules should be treated as a screening example rather than evidence of an effective investment strategy.

Key ideas

• The screen requires a daily range above one percent of the previous close and a positive weekly MACD configuration.
• It also selects stocks with current volume above ten thousand lots and an opening gap above the prior close.
• The post provides formula references and a Python sketch, but does not report a backtest.
• The author notes that technical-only screening may overlook nontechnical drivers and market changes.
• Potential refinements include fundamental inputs and closer analysis of intraday movement and volume.

Tags

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