A-Share Momentum Screen Using MACD, Capital Control, and Recent Limit-Ups

Summary

This article proposes a Chinese A-share stock screen combining MACD above zero, a signal interpreted as large-investor control on the prior day, and at least one limit-up event within the previous month. It describes these conditions as proxies for an upward trend, buying interest, and recent market attention. Its suggested refinement limits recent limit-up occurrences and requires a price gain threshold, while recommending that fundamental and additional technical measures also be considered.

The article notes that the screen may chase stocks after sharp advances, can produce fewer candidates during broad market declines, and omits factors such as valuation and industry context. It includes formula and Python examples, but the code has apparent inconsistencies: the described one-month window differs from the date filter, and some MACD and limit-up calculations are unclear or incomplete. No performance results or validation are supplied, so the screen should be treated as a proposed heuristic rather than an established strategy.

Key ideas

• The proposed screen combines MACD above zero, prior-day large-investor control, and recent limit-up activity.
• The suggested refinement caps the count of recent limit-ups and adds a price-gain condition.
• The author warns that recent strength can lead to selecting overextended stocks.
• The screen omits valuation and industry information and may yield fewer candidates in falling markets.
• The code examples contain ambiguities and the article reports no validated performance.

Tags

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