A Short-Term Chinese Stock Screen Using a Morning-Star Pattern and Gap-Up
Summary
The document proposes a short-term technical screen for Chinese equities. Its stated conditions include an amplitude above 1, a morning-star-style pattern, current volume above 10,000 lots, and a gap up; the final rule specifies an opening gap greater than 2%. The examples also exclude ChiNext listings in the Python routine and apply additional checks involving turnover and moving averages, though these are not consistently described as part of the core rule.
The article characterizes the approach as a technical selection method and provides sample formula and Python logic, but no backtest or measured evidence for its claimed potential. It notes that the screen omits company fundamentals and that price movements remain uncertain even when the conditions are met. The pattern definition differs across the prose and code, and the code's amplitude calculation is not directly used as a clearly stated threshold in the shown routine. These ambiguities would need resolution before reproducible evaluation.
Key ideas
- The proposed screen combines a morning-star-style pattern with a gap-up and volume condition.\nThe final description specifies an opening gap greater than 2% and volume above 10,000 lots.\nThe example code adds turnover, moving-average, and listing-market filters.\nThe article offers no backtest or measured evidence of effectiveness.\nThe pattern and amplitude rules are not applied consistently across the description and examples.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.