A-Share Screening with Turnover, Ten-Day Average Proximity, and Rising Lows
Summary
This note describes a simple Chinese equity screen combining daily turnover between 3% and 12%, an opening price within roughly 5% of the ten-day moving average, and a rising-bottom condition. It frames turnover as a liquidity filter, proximity to the moving average as a short-term price criterion, and the bottom pattern as a possible early reversal signal. The supplied formula operationalizes the price conditions through recent ranges that contract over successive prior periods.
The article provides indicator logic and a Python-style implementation example, but no backtest, performance figures, or evidence that the screen predicts returns. The author cautions that the rules omit company fundamentals and industry standing, and that rising lows do not reliably signal a lasting reversal. It suggests adding fundamental measures or other technical indicators and considering broader market conditions. The implementation details differ somewhat across the formula and Python example, so the stated screen should be checked carefully before use.
Key ideas
- The screen requires turnover from 3% through 12%.\nThe opening price must fall within about 5% of the ten-day moving average.\nThe proposed rising-bottom signal is represented by contracting recent price ranges in the formula.\nThe article offers no empirical performance evidence and warns that fundamentals and market conditions are omitted.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.