A-Share Screen for Turnover, Ten-Day Average Price, and Relative Volume

Summary

This A-share stock screen combines three conditions: turnover between 3% and 12%, an opening price within 5% of the ten-day moving average of closing prices, and a volume ratio between 1.5 and 6. The article also provides a formula example and a Python example that applies these thresholds to historical stock data. It describes the selection logic as a way to find actively traded stocks whose opening prices are near a recent average, but it does not present performance results or a tested trading plan.

The author cautions that turnover and volume ratio alone cannot establish a stock’s value or predict its direction. Market conditions affect these measures, and the screen may produce uncertain selections. Suggested additions include fundamental measures and other technical indicators. The article does not specify how to enter or exit positions, size trades, handle transaction costs, or validate the screen out of sample, so its thresholds should be treated as screening rules rather than evidence of a profitable strategy.

Key ideas

• The screen requires turnover between 3% and 12%.\nThe opening price must fall within 5% of the ten-day moving average of closing prices.\nThe stated volume ratio range is 1.5 to 6.\nThe article recommends combining these signals with other technical or fundamental criteria.\nNo backtest results or complete trade management rules are provided.

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