A-Share Screen Using Weekly MACD, RSI, and Opening Gap
Summary
This document presents a Chinese stock screen combining a short-term RSI ceiling, a positive weekly MACD condition, and a limit on the opening gain. It seeks stocks with RSI below 65, weekly MACD above its zero line, and a 9:25 indicated gain below 6%. The stated rationale is to retain a favorable broader technical trend while avoiding stocks whose opening move is already unusually strong.
The post includes formula and Python examples, but provides no backtest, performance figures, or validation of the claimed risk reduction. It warns that limiting the opening rise can exclude strong stocks that reach the daily price limit. It suggests adding revenue or profit growth measures and adjusting thresholds as market conditions change. The code example uses MACD histogram positivity as a proxy, so it may not precisely match the stated weekly MACD condition; implementation details and data timing matter when reproducing the screen.
Key ideas
- The screen requires RSI below 65 and weekly MACD above zero.\nIt excludes stocks whose indicated 9:25 gain is 6% or more.\nThe post gives implementation examples but no tested performance evidence.\nThe opening-gain cap may filter out some strong stocks, and the code's MACD proxy may differ from the stated weekly condition.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.