A Stock Screen Combining Positive MACD, Positive PE, and Active Turnover

Summary

This stock selection screen combines three conditions: MACD above zero, positive price-to-earnings ratio, and prior-day actual turnover between 3% and 28%. The post interprets positive MACD as an uptrend signal, positive PE as a normal valuation measure, and the turnover band as evidence of trading activity. It provides indicator definitions, a screening formula, and a sample workflow that sorts qualifying stocks by price change.

The post offers no backtest, benchmark, or measured performance, so the proposed conditions are not validated as a profitable strategy. It acknowledges that the screen is simple, can miss other drivers of price, and may be affected by market sentiment through its turnover condition. Suggested refinements include combining additional technical indicators with fundamental analysis and checking turnover on subsequent trading days. The sample code and field references are illustrative and do not establish data consistency or a reliable trading implementation.

Key ideas

• The screen requires MACD above zero, PE above zero, and prior-day actual turnover between 3% and 28%.
• The post treats positive MACD as an uptrend signal and turnover as a measure of trading activity.
• It suggests sorting qualifying stocks by price change but gives no tested results.
• The author notes that the simple conditions omit other price drivers and may be sentiment-sensitive.
• Possible refinements include adding other indicators, fundamentals, and later turnover checks.

Tags

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