A-Share Screening With Turnover, Reversal, and Recent Price Spikes

Summary

This Chinese A-share screen combines turnover between 3% and 12%, a reversal or engulfing-style price pattern, and at least one daily gain of 10% or more during the prior 25 trading sessions. The accompanying indicator example adds stochastic K above D and MACD above 1, then ranks candidates using price-to-earnings data. The write-up presents the screen as a way to find actively traded shares with recent price strength for short-term trading.

The document gives no performance tests or measured results, so it does not establish that these conditions predict returns. It warns that the rules focus on recent price action and may select unstable companies because they omit fundamentals. It suggests adding fundamental filters and other indicators, and adapting rules to market conditions. The sample code and conditions are not fully aligned: the description names a reversal pattern, while the code excerpt does not clearly implement it, and the price-change calculation uses absolute values. Treat the screen as an unvalidated selection recipe, not a demonstrated strategy.

Key ideas

• The screen requires turnover from 3% to 12% and at least one daily gain of 10% or more in the previous 25 sessions.
• It combines recent price strength with a reversal-style pattern to seek active short-term candidates.
• The indicator example adds stochastic K above D and MACD above 1.
• The document provides no backtest evidence and notes that the screen omits company fundamentals.

Tags

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