A-Share Momentum Screen with Positive MACD and Moderate Turnover

Summary

This A-share screen combines MACD above zero, an upward-moving average condition, and turnover between 2% and 9%. The article interprets positive MACD and rising averages as signs of upward direction, while the turnover band is intended to avoid both very quiet stocks and the most intensely traded names. It includes example formulas and a sample workflow that sorts screened stocks by turnover.

The post offers a simple rule set rather than a tested trading system: it reports no backtest, return series, or comparison with a benchmark. Its cautions include noise from a small number of indicators, the possibility of missing sharp moves in high-turnover stocks, and turnover’s limits as a proxy for liquidity. The implementation examples are not fully consistent: the prose says today’s averages are spreading upward, while the formulas compare a one-day average with a two-day average in one case and short- versus longer-period averages in another. Fundamental measures and additional liquidity indicators are suggested as possible extensions.

Key ideas

• The stated screen requires MACD above zero, rising averages, and turnover between 2% and 9%.
• The turnover band is intended to balance trading activity without selecting only the most heavily traded stocks.
• The example workflow sorts qualifying stocks by turnover.
• The article notes that turnover does not fully measure liquidity and that simple indicators can produce noisy selections.
• The formula examples express the moving-average condition differently, and no backtest is reported.

Tags

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