Chinese Equity Screening with MACD, Company Type, and Rising Signal Line

Summary

This Chinese equity screen combines a positive MACD reading with a rising DEA signal line and exclusions based on company type. Its formula reference tests MACD against zero and requires a crossover above the signal line between the prior and current observations. The accompanying Python example screens listed stocks using financial database fields and recent 15-minute price data, then prints symbols meeting the MACD crossover and company-type conditions.

The article frames the method as a blend of technical and basic company screening, but the example’s code chiefly demonstrates exclusions and indicator conditions; it does not establish that the selected firms have stronger fundamentals. It warns that MACD can turn around during short-term fluctuations and that company categories do not capture every firm-specific difference. No backtest, benchmark, transaction costs, or performance results are provided. The article suggests adding financial and industry measures and applying risk controls before treating the screen as an investment strategy.

Key ideas

• The screen seeks stocks with MACD above zero and a bullish crossover of the signal line.
• It excludes several company-type categories in its formula and code example.
• The Python example uses recent intraday prices to check for a crossover.
• The article gives no performance evidence and notes MACD and company classification limits.

Tags

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