A High-Amplitude Screen Using Shortening 15-Minute MACD Bars

Summary

This stock-screening recipe combines three filters: amplitude above 1, a shortening negative MACD histogram on a 15-minute chart, and a date restriction to 2021. The document interprets amplitude as a way to identify volatile stocks and shrinking negative MACD bars as a possible sign that price direction is changing. It provides example indicator logic and a data-processing outline, though the examples do not clearly implement the described amplitude measure or a universe-wide 15-minute scan.

The screen is presented as a candidate-finding method, not a tested trading system. No performance results are reported, and the source acknowledges that its limited criteria may concentrate selections in particular sectors and expose them to broad market moves. It suggests combining the technical conditions with volume, turnover, and other indicators, then assessing the results in context. The stated year filter also makes the example historical rather than a current screening rule.

Key ideas

• The proposed screen combines amplitude above 1 with a shortening negative MACD histogram on a 15-minute chart.
• The date condition limits the described selection to 2021.
• The document offers example formulas and data-handling steps but no backtest evidence.
• Its example implementation may not match the described amplitude measure or complete scan universe.
• Sector concentration and changing market conditions are cited as risks.

Tags

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