A-Share Screen Using Turnover, the 10-Day Average, and Low KDJ

Summary

This document describes a Chinese A-share screening rule combining turnover, the opening price relative to the 10-day moving average, and the KDJ oscillator. It selects stocks with turnover from 3% to 12%, an opening price within roughly 5% of the 10-day average closing price, and a KDJ K value below 20. The article also includes an example implementation and suggests adding fundamental measures or other indicators to broaden the analysis.

The document gives no backtest results or evidence that the screen is profitable. It notes that the criteria omit company finances, fundamentals, and industry position, and that a short-term screen may miss longer-term prospects. Its explanation incorrectly characterizes the KDJ threshold as a value-investing factor; KDJ is a technical indicator. The accompanying Python example also applies additional conditions that do not clearly match the stated final rule, so implementations should be checked against the intended criteria.

Key ideas

• The screen combines a turnover range of 3% to 12% with an opening price near the 10-day moving average.
• It requires the KDJ K value to be below 20.
• The article identifies missing fundamental analysis as a limitation.
• The example code includes extra conditions that may not match the stated screening rule.

Tags

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