Chinese Stock Screen Combines Morning Star, Amplitude, and Turnover

Summary

The article proposes a Chinese equity screen combining price amplitude above a stated threshold, a morning star candlestick condition, and prior-day turnover above a stated threshold. Its example formula also includes a gap condition. The accompanying Python example sketches filters for listing status, market value, recent price data, candlestick and gap checks, and turnover, illustrating how technical and trading-activity criteria might be combined.

The article presents no backtest results or measured evidence that the screen predicts gains. It acknowledges that turnover alone may not capture capital flows and that the screen omits fundamental analysis, leaving it exposed to company-specific risks. It suggests adding trading amount or volume and other trend conditions. The sample code’s data fields and calculations may not faithfully implement every stated screening condition, so it should be treated as an illustration requiring review rather than a validated executable strategy.

Key ideas

• The proposed screen combines amplitude, a morning star pattern, and prior-day turnover.
• The example formula adds a gap filter, while the Python sketch includes market-value and listing filters.
• The article offers no backtest or evidence of predictive performance.
• It notes that turnover alone is an incomplete measure of market activity and that fundamentals are omitted.
• The code should be checked against the stated rules before use.

Tags

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