Chinese Stock Screen Using Daily Range, Turnover, and Weekly MACD

Summary

This post describes a stock selection rule combining three conditions: daily price amplitude above 1, actual turnover on the previous day between 3% and 28%, and weekly MACD above zero. It presents the combination as a way to screen for stocks with potential, and includes illustrative indicator and Python examples alongside instructions for using a selection template.

The post does not provide backtest results or evidence that the screen is profitable. It warns that market conditions, company-specific factors, and possible manipulation can affect outcomes, and suggests adding factors such as capital flows or market value while using risk management and asset allocation. The examples are explicitly illustrative and may need adjustment; the written rule and sample calculations also leave details of the amplitude and turnover definitions open to interpretation. Treat it as a basic technical screening idea rather than a tested trading system.

Key ideas

• The screen requires daily amplitude above 1 and previous-day actual turnover between 3% and 28%.
• It also requires weekly MACD to be above zero.
• The post gives example calculations but says they may need adjustment for actual use.
• It offers no performance evidence and flags market and stock-specific risks.
• The author suggests adding other data and applying risk management and asset allocation.

Tags

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