Chinese Stock Screen Using Daily MACD, Price Range, and Float Size

Summary

This Chinese community post describes an equity screen combining three conditions: daily price amplitude above 1, a circulating share count no greater than 5.5 billion, and a positive daily MACD reading. It presents the conditions as a way to find relatively volatile, smaller-float stocks with upward momentum. Example formulas and Python-style code illustrate filtering and ranking candidates, although the examples do not implement every detail consistently.

The post flags that volatile stocks can carry greater risk and a positive MACD filter may exclude shares in temporary declines. It suggests adding indicators such as KD or RSI and adjusting the amplitude rule. No backtest, performance data, or evidence that the screen predicts returns is supplied. The text also refers to implied volatility in its proposed refinement, but does not explain how to calculate or apply that measure to the stock screen.

Key ideas

• The screen requires daily amplitude above 1, circulating shares at or below 5.5 billion, and positive daily MACD.
• The post frames the filters as a way to combine volatility, smaller float, and upward momentum.
• The example implementations include candidate ranking, but their calculations do not fully match one another.
• The author identifies higher volatility and the MACD filter’s potential to miss recovering stocks as risks.
• The post recommends considering additional technical indicators but provides no test results.

Tags

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