A Technical Stock Screen Using Moving Averages and 15-Minute MACD

Summary

This note proposes a technical screen that looks for at least five overlapping moving averages, an opening price near the 10-day average, and a shrinking MACD histogram on a 15-minute chart. The article interprets the moving-average condition as alignment across time horizons, the opening-price condition as a pullback near support, and shorter MACD bars as a possible shift in short-term momentum. It suggests stop losses and diversification as possible risk controls.

No backtest or measured evidence is provided, and the article acknowledges that technical signals can fail when market conditions change or fundamentals and sentiment dominate. Its code does not reliably implement the stated rules: it appears to use daily data for a claimed 15-minute signal, defines the open-price comparison in a way that makes the condition questionable, and does not clearly test for five overlapping averages or a shrinking histogram. The screen should be treated as an idea requiring a corrected, timeframe-consistent implementation.

Key ideas

• The proposed screen combines moving-average overlap, an opening price near the 10-day average, and a shortening MACD histogram.
• The article interprets these conditions as trend alignment, support, and improving short-term momentum.
• It provides no backtest evidence and identifies exposure to changing market conditions.
• The sample implementation does not clearly match several stated conditions.

Tags

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