A MACD, Profitability, and Ten-Day Moving Average Stock Screen

Summary

This document describes a Chinese stock-selection screen combining a positive MACD reading, a profitable-company filter, and an opening price above the ten-day moving average. Its stated rationale is to find stocks with upward momentum while using profitability as a basic fundamental check. The examples also show filters for trading history and market data, and provide sample implementations in indicator-formula and Python styles.

The text argues that a positive MACD suggests an upward trend and that an opening price near the moving average may offer short-term upside, but these claims are not supported by backtest results or performance statistics. It flags market risk, changes in company fundamentals, indicator error, and imprecise selection as limitations. The discussion recommends adding indicators or further fundamentals, but supplies no tested optimization. The rule as presented uses an opening price above the average, which is not identical to the prose description of being around it; implementations and data timing would need careful checking before evaluation.

Key ideas

• The screen requires positive MACD, positive net profit, and an opening price above the ten-day moving average.
• The stated intent is to combine price trend with a basic profitability condition.
• The document provides illustrative formula and Python implementations but no measured trading results.
• It identifies market conditions, fundamental changes, and indicator errors as risks.
• The prose and formula differ on whether the opening price should be near or above the moving average.

Tags

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