A Share Screen Using Turnover and Recent Price Gains

Summary

This proposed Chinese equity screen selects stocks using turnover-rate bands and a recent price-gain condition. The written rule specifies turnover between 3% and 12%, a positive gain below 35% over ten days, and another turnover condition between 2% and 9%. The accompanying discussion frames bounded turnover and recent gains as a way to identify relatively stable candidates, and suggests adding valuation or market-cap measures for further filtering.

The conditions are internally unclear: the two turnover bands overlap only in part, and the Python example applies both to the same daily rate, effectively making the 3%–9% interval decisive. The code also includes additional exclusions and candle-shape checks, then ranks candidates using money-flow measures. No backtest or quantified results are presented. The source cautions that market changes can undermine the screen and that turnover and price filters alone do not capture a stock's full condition.

Key ideas

• The stated selection combines turnover constraints with positive ten-day gains below the specified ceiling.
• The written turnover bands conflict in interpretation; the example code imposes both on one daily rate.
• The code adds listing, security-status, price-pattern, and money-flow ranking conditions beyond the headline screen.
• The proposal offers no measured backtest results and warns that market conditions can change its effectiveness.

Tags

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