A-Share Screen for Intraday Range, Fresh KDJ Cross, and Positive MACD

Summary

This stock selection rule screens Chinese A-shares for a daily high-low range above one percent, a newly formed KDJ crossover, and a positive daily MACD condition. The accompanying explanation treats the range as a sign of volatility, the KDJ cross as a possible improvement in sentiment, and positive MACD as confirmation of an upward trend. It supplies indicator formulas and example implementations for screening candidates into a watch or investment pool.

The document cautions that MACD may lag and that a sharp recent rise can be followed by a short-term pullback. It also notes that the rule omits company fundamentals and broader market conditions, recommending that these factors and other indicators be considered. No historical test, return, or risk statistics are reported, so the stated interpretations are rationale rather than demonstrated performance. The code examples also differ in their specific MACD crossover checks, so an implementation should verify that its conditions match the intended signal.

Key ideas

• The screen combines a daily range above one percent with a fresh KDJ crossover and positive daily MACD.
• The author presents the KDJ cross as a potential sign of improving market sentiment.
• Positive MACD is used as a trend filter, although the document warns that it can lag.
• The rule omits fundamentals and broad market context, and no backtest results are supplied.

Tags

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