A-Share Screening with MACD, Positive P/E, and Buy-Sell Volume Imbalance

Summary

This Chinese-language post describes a stock selection screen combining a positive MACD reading, positive price-to-earnings ratio, and a ratio of external to internal trading volume above 1.3. It interprets these conditions as signals of an upward trend, a positive earnings valuation, and stronger buying pressure. The post also gives example indicator definitions, screening logic, and a ranking by turnover ratio.

The author cautions that trading-volume measures may be inaccurate, a positive P/E does not establish that a stock is fairly valued, and technical filters can omit important fundamental information. Suggested improvements include checking multiple data sources, considering broader fundamentals, and controlling position risk. No backtest, performance evidence, or detailed implementation validation is provided, so the proposed screen should be treated as an illustrative rule set rather than an established profitable strategy.

Key ideas

• The screen requires MACD above zero, positive P/E, and external-to-internal volume above 1.3.
• The post interprets MACD as a trend filter and the volume ratio as a proxy for buying pressure.
• Selected stocks are ranked by turnover ratio in the example.
• Volume data may be noisy, and the filters do not capture a complete fundamental assessment.
• The post recommends checking additional data and managing position risk.

Tags

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