A Stock Screen Combining Intraday MACD, Long-Term Trend, and Position Increases

Summary

This stock selection method combines three filters: a daily increase in position share above the stated threshold, the previous close above the 250-day moving average, and a shortening green MACD histogram on a 15-minute chart. The post interprets the position increase as stronger buying interest, the moving-average condition as evidence of a broader upward bias, and the shrinking negative MACD bars as a possible short-term turn toward rising prices.

The article offers a rationale for the rules but provides no backtest results or performance evidence. It cautions that the screen focuses on short-term behavior and may still select falling stocks when the wider market is weak. It suggests adding longer-term trend measures and other technical indicators, while emphasizing that the conditions are screening criteria rather than a complete decision process.

Key ideas

• The screen requires position growth above the stated threshold, price above its 250-day average, and shortening negative MACD bars on a 15-minute chart.
• The moving-average and MACD conditions are intended to combine a broad upward bias with a possible short-term trend change.
• The post warns that the rules may fail when the overall market is declining.
• It proposes adding longer-term trend and other technical measures, but reports no testing evidence.

Tags

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