Chinese Equity Screen Combining MACD, Positive P/E, and Rising KDJ

Summary

This Chinese-language post proposes a stock screen requiring MACD to be above zero, price-to-earnings ratio to be positive, and the KDJ K value to be rising. It presents the conditions as filters intended to combine a positive MACD reading, a conventional positive valuation measure, and short-term price momentum. The post includes reference formulas for MACD and KDJ and shows a Python-style example that sorts matching stocks by percentage change.

The source offers no backtest, risk-adjusted performance, or evidence that these filters predict returns. It acknowledges that MACD and KDJ can lose effectiveness in different market environments and that KDJ’s behavior may depend on its cycle. There is also an inconsistency: the prose and example describe a rising K value, while the displayed screening formula uses the prior K value greater than the current one. The criteria should therefore be clarified and tested before use; the post itself recommends combining indicators and adjusting the logic to the circumstances.

Key ideas

• The proposed screen combines MACD above zero, positive P/E, and a rising KDJ K value.
• The post supplies reference formulas for MACD and KDJ and an example that ranks candidates by price change.
• The displayed screening expression conflicts with the stated rising-K condition, so the intended direction needs clarification.
• The author notes that indicator reliability can vary with market conditions and that KDJ may have cycle-related limitations.
• No backtest or return evidence supports the proposed screen.

Tags

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