China Stock Screen Using Daily Range, Five-Day Average, and Weekly MACD

Summary

This stock selection method screens for shares whose daily price range exceeds a threshold, whose average price is above the five-day moving average, and whose weekly MACD condition is positive. The article describes these filters as a way to focus on stocks with noticeable movement and signs of upward technical momentum. It includes example indicator logic and a Python sketch for applying the filters to historical market data.

The article cautions that the screen omits company fundamentals and market sentiment, and that a positive weekly signal does not ensure further gains; prices may fall abruptly. It provides no backtest results or measured returns, and its code is presented as a reference requiring adjustment. The final selection logic also recommends combining the screen with additional indicators, so the conditions alone are not established as a complete or validated investment strategy.

Key ideas

• The screen requires a daily range above its stated threshold and price above the five-day average.
• It uses a positive weekly MACD condition as an additional filter.
• The article supplies example indicator logic and a historical data code sketch.
• The screen omits fundamentals and sentiment, and positive signals may precede declines.
• No backtest evidence or realized performance is reported.

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