Chinese Equity Screen Using Positive MACD and Rising Lows

Summary

This Chinese-language post describes an equity selection screen combining a positive MACD reading, membership in a specified business concept, and a rising-bottom condition. Its example code uses the new-energy-vehicle concept and compares the current high with a prior rolling 30-session high, alongside a MACD calculation. A Python example fetches financial and price data, applies MACD and rolling-high conditions, and sorts the resulting candidates by market capitalization. The text also suggests adding valuation or profitability measures and considering industry and policy context.

The rationale is that positive MACD and rising price structure may indicate strength, while the concept filter narrows the universe. The post warns that these conditions can miss other opportunities and that a higher bottom does not guarantee a reversal or continued advance. It reports no backtest or return evidence, and the examples appear to mix conditions whose exact implementation may differ from the prose. The screen is therefore a starting hypothesis, not a demonstrated strategy.

Key ideas

• The screen selects stocks with MACD above zero, a chosen business-concept membership, and a rising-bottom condition.
• The example code applies a 30-session rolling-high comparison and sorts candidates by market capitalization.
• The author suggests adding valuation, profitability, and market-context measures.
• The conditions can miss other opportunities, and a rising bottom does not ensure prices will continue higher.
• The post provides no backtest or performance evidence.

Tags

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