Chinese Equity Screen Using Positive MACD and Exchange Exclusion

Summary

The document outlines a Chinese stock selection approach that requires MACD to be above zero, applies an enterprise-type criterion, and excludes Beijing-listed A shares. It interprets positive MACD as an upward-trend signal and describes the enterprise filter as an attempt to favor stable businesses. Example logic and code are provided for retrieving financial and price data, calculating MACD, applying exclusions, and sorting candidates by market capitalization.

The post does not define the enterprise-type condition clearly or provide performance results, a backtest, or evidence that the filters improve returns. Its code examples also do not clearly align: the written criteria exclude Beijing A shares, while the shown benchmark exclusions and sector-based filter are not an unambiguous implementation of that rule. The author notes that excluding a market segment could omit suitable stocks and that market risk remains. Suggested additions include valuation, profitability, and other technical filters, but these are proposals rather than tested improvements.

Key ideas

• The proposed screen combines MACD above zero with an enterprise-type criterion and an exclusion for Beijing A shares.
• The post treats positive MACD as a signal of an upward price trend.
• The enterprise-type condition and its implementation are not clearly specified.
• The document supplies no backtest or evidence of improved returns.
• Excluding a listing segment may remove qualifying stocks, while market risk remains.

Tags

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