A Short-Term Chinese Equity Screen Using Amplitude and Candlestick Conditions

Summary

This post outlines a short-term Chinese equity screen that combines amplitude above one, exclusion of special-treatment stocks, selection before 10 a.m., a five-session closing-price high condition, and a candlestick signal described as a morning star. The stated aim is to focus on near-term price action alongside a limit-up method. It includes an indicator formula and sample code illustrating filters for stock status, time, recent highs, and candlestick patterns.

The post cautions that concentrating on short-term moves can obscure longer-term performance, and that the candlestick indicator’s parameters and calculation affect results. It recommends considering longer-term measures and fundamentals as additional filters. It offers no backtest, trade outcomes, or evidence that the combined conditions predict returns. Some details are not fully specified, including the named limit-up method and the relationship between the stated morning-star indicator and the example code, so the screen may be interpreted differently across implementations.

Key ideas

• The proposed screen combines amplitude, stock status, selection time, recent closing highs, and a candlestick condition.
• The approach emphasizes short-term price action and a limit-up selection method.
• The post identifies short-term focus and indicator parameter choices as sources of risk.
• Longer-term indicators and fundamental filters are suggested as possible additions.
• No performance evidence is supplied, and the described conditions leave implementation details unclear.

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