Chinese Stock Screen Using MACD, Attention, and Float Market Capitalization

Summary

This Chinese-language post describes a daily stock-selection screen that looks for MACD above zero, ranks candidates by market attention, and limits eligible shares to a stated range of circulating market capitalization. It gives a brief rationale: MACD is used as a short-term trend measure, attention as a proxy for market interest, and the capitalization range as a way to exclude very large or small companies. It also provides example indicator formulas and Python-style screening logic.

The post identifies important limitations: it does not account for company fundamentals, sector differences, broader market conditions, or macroeconomic factors. It suggests adding technical and fundamental filters and reviewing business and financial information after the initial screen. The example code and narrative do not present backtest results or evidence that the screen earns returns. There is also a mismatch between the stated MACD condition and the sample code, which tests the signal line above zero; implementations should clarify which series is intended. The screen is therefore a proposed filter, not a demonstrated strategy.

Key ideas

• The proposed screen selects stocks with MACD above zero and sorts candidates by market attention.
• It applies a circulating market-capitalization band and runs after each trading session.
• The post treats MACD as a short-term trend measure and attention as an indicator of market interest.
• The screen omits company fundamentals, industry context, and broad market conditions.
• No backtest evidence is given, and the sample code's MACD condition differs from the stated rule.

Tags

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