A Metaverse Stock Screen Using Price Range and Weekly MACD

Summary

The document describes a simple Chinese equity screening idea: select stocks with an amplitude above a stated threshold, a positive weekly MACD histogram, and membership in the metaverse concept group. It presents the criteria as a way to combine a price-based signal with sector exposure, and includes examples of implementing the screen in a charting platform and in a Python workflow. The Python example retrieves daily and weekly bars, evaluates conditions, and returns qualifying stocks.

The article offers no backtest, performance figures, or evidence that the screen predicts returns. It also points out that the selection omits other technical and fundamental checks, including volume, moving averages, valuation, and book value. Its discussion notes that results may depend on continued interest in the metaverse theme. The implementation details are illustrative: the example’s calculation of amplitude uses the standard deviation of daily highs, which may not match the stated screening criterion, so the metric and data handling would need to be clarified before relying on it.

Key ideas

• The screen combines a daily price amplitude condition, a positive weekly MACD histogram, and metaverse concept membership.
• The article gives examples of expressing the screen in a stock platform and a Python workflow.
• The selection rule does not include volume, moving averages, or fundamental valuation measures.
• The article provides no backtest evidence, and results may depend on the metaverse theme remaining in favor.
• The example’s amplitude calculation may differ from the stated criterion and should be checked.

Tags

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