Chinese Stock Screen Using MACD, Bid Volume, and 10-Day Returns

Summary

This Chinese equity screen selects stocks whose MACD is above zero, whose best bid volume exceeds best ask volume, and whose return over the recent ten days is positive but below 35%. The article gives a basic implementation outline that scans listed shares, checks these conditions, then allocates portfolio value across the selected names.

The accompanying discussion says the screen combines recent price strength, a positive MACD reading, and order-book volume imbalance. It cautions that short-term price changes and technical signals do not account for fundamentals or long-term trends, and that displayed bid and ask sizes can vary with market conditions. It suggests adding fundamental or trend measures and other volume analysis, such as OBV. No backtest results or evidence of profitability are provided, and the selection rules alone do not define a complete risk-managed trading strategy.

Key ideas

• The screen requires MACD above zero, best bid volume greater than best ask volume, and a positive return below 35% over ten days.
• The example distributes portfolio value across the securities that pass the filters.
• The article warns that short-term technical and volume measures omit fundamentals and longer-term context.
• It suggests adding broader analysis, including other price-volume indicators, but provides no performance evidence.

Tags

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