Chinese Stock Screen Using Intraday Range, Weekly MACD, and Convertible Bonds

Summary

This Chinese stock-screening example combines a daily price-range threshold, a weekly MACD condition, and the presence of an outstanding convertible bond. Its indicator description requires the prior weekly MACD line to exceed its signal line while MACD is positive. The bond condition checks that a convertible-bond name is available. The article presents the screen as a way to combine technical behavior with a company-related signal, but it does not provide backtest results or evidence that the combination improves returns.

The article warns that these inputs omit broader market conditions and nontechnical factors, and suggests adding fundamental and regulatory considerations. Its sample Python implementation does not clearly match the stated rules: it uses averages of daily ranges and prices, and the code references an indicator operation without showing how it is calculated. Treat the examples as an incomplete screening sketch, not a validated trading system; the strategy also gives no entry, exit, or position-sizing rules.

Key ideas

• The screen combines a daily amplitude threshold with a positive weekly MACD condition.
• It also requires a nonempty name for an outstanding convertible bond.
• The article provides no performance evidence or complete trading rules.
• Its sample implementation differs in places from the stated screening conditions.

Tags

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