A-Share Screen Using Positive MACD, Positive P/E, and Low K

Summary

This A-share stock screen combines a positive MACD reading, positive trailing P/E, and a K value below 20. It is intended to run before each trading day’s open. The document interprets positive MACD as an uptrend and low K as a possible oversold or rebound setup, while positive P/E excludes firms with negative earnings under the stated measure.

It provides indicator formulas and a Python-style example, then sorts qualifying stocks by daily percentage change. The explanation is qualitative: it offers no backtest, performance figures, or evidence that the combined signals predict returns. It also acknowledges that the screen omits trading volume, capital flows, and broader fundamentals. The K calculation is described as a nine-period range position, but the document does not specify safeguards for a zero high-low range or clarify timing and data alignment in its sample code.

Key ideas

• The screen requires MACD above zero, trailing P/E above zero, and K below 20.
• It is designed to select stocks before each trading day’s open.
• The K value measures the close’s position within a recent high-low range.
• The example ranks qualifying stocks by percentage change, but provides no performance test.
• The author identifies missing volume, capital-flow, and fundamental considerations as risks.

Tags

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