Chinese Stock Screen Combining Turnover, Reversal, and Weekly Trend
Summary
This document presents a main-board stock screen requiring turnover between 3% and 12%, a reversal or engulfing pattern, and a weekly close above the 30-week moving average. It explains the turnover band as a way to seek stocks with trading activity, the reversal condition as a possible rebound signal, and the moving-average filter as a trend check. It also includes formula and Python examples intended to illustrate selection.
No backtest results or return evidence are reported. The document cautions that the screen relies on technical and trading data while omitting fundamentals, and that the weekly moving-average condition is a simple, limited trend measure. It suggests adding valuation, profitability, other moving averages, or volume analysis. The code’s data calls and implementation do not clearly match all stated conditions, so the examples should not be taken as a verified implementation.
Key ideas
- The screen combines a 3%–12% turnover range with a reversal pattern.\nIt adds a weekly close above the 30-week moving average as a trend filter.\nThe method focuses on price and trading activity and leaves fundamentals out.\nThe article reports no backtest evidence and notes limitations in the simple trend rule.\nFundamental measures and additional technical indicators are proposed as possible refinements.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.