Chinese Stock Screen Using MACD, Daily Range, and Prior Limit Moves

Summary

This post describes a Chinese equity screen combining a daily amplitude threshold, exclusion of stocks that closed at a limit-up the prior day, and a positive MACD reading. The stated rationale is to favor stocks with room to move that also show positive trend or momentum. It refers to the MACD zero line and its moving-average components, then offers an example workflow for filtering securities and checking indicator values.

The post gives no backtest, returns, benchmark, or evidence that the conditions predict future performance. Its explanation warns that changing market conditions and unusual speculative flows can make indicator-based selections unreliable. It suggests combining other technical indicators with company and industry fundamentals, but does not specify how to test or weight those additions. The example is a screen concept rather than a complete, validated trading system, and its operational details should be checked against the data source and market rules before use.

Key ideas

• The screen requires daily amplitude above a stated threshold, a prior day without a limit-up close, and MACD above zero.
• The author interprets positive MACD as a sign of bullish trend conditions.
• The post supplies an illustrative data-filtering workflow but no performance results or backtest.
• It cautions that market shifts and speculative activity can weaken technical screens.

Tags

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