Chinese Stock Screen Using Positive MACD and Large-Order Flow

Summary

This Chinese equity screening proposal selects stocks with MACD above the zero axis, a specified company-type condition, and a large product of price change and net volume from very large orders. The accompanying formula expresses the price-change and order-flow condition using a threshold of 100 million. A separate Python example scans listed stocks, retrieves recent price and money-flow data, and checks MACD-related conditions, although its implementation is not fully self-contained.

The post explains that the screen combines a technical trend filter with recent market activity. It warns that technical signals and price or flow readings can fluctuate temporarily, potentially leading to poor selections, and recommends considering financial measures and industry conditions as additional context. The document provides no backtest, portfolio rules, transaction-cost assumptions, or results. Its descriptions of company type and the relationship between order flow and investment value are not developed into tested claims, so the filter should be treated as a screening hypothesis rather than established evidence of predictive performance.

Key ideas

• The screen requires MACD to be above its zero axis and applies a company-type filter.
• It also filters on price change multiplied by net volume from very large orders.
• The post describes the approach as combining technical information with recent market activity.
• Temporary market fluctuations can weaken the usefulness of both signal types.
• No backtest or transaction-cost analysis is provided to establish the screen's performance.

Tags

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