Chinese Stock Screen Using Price Range, the 10-Day Average, and Weekly MACD

Summary

This Chinese stock-screening post combines three technical conditions: a daily price range above a stated threshold, an opening price near the 10-day moving average, and weekly MACD above zero. The post interprets these as signs of higher volatility, a possible pullback toward the average, and an established upward trend. It also provides example implementations in indicator-formula syntax and Python, though the examples do not fully align with the stated weekly MACD condition.

The author notes that the screen omits company fundamentals and that MACD may react too slowly to short-term changes. Suggested refinements include adding financial and industry information, faster indicators, and price-volume measures. No backtest, performance evidence, or detailed trading and risk rules are presented, so the selection logic should be treated as a screening idea rather than a validated strategy.

Key ideas

• The screen selects stocks with a price range above a threshold, an opening price near the 10-day moving average, and MACD above zero.
• The post associates the moving-average condition with a pullback and positive weekly MACD with an upward trend.
• The code examples illustrate the filters, but do not clearly calculate MACD from weekly data.
• The author identifies missing fundamentals and slow MACD response as limitations.
• No backtest results or complete trading rules are provided.

Tags

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