Chinese Stock Screen Using Price Range, Turnover, Auction Volume, and MACD

Summary

This Chinese-language post outlines an equity screen combining price movement, trading activity, and a MACD condition. It seeks stocks with an amplitude above one, a product of prior-day turnover rate and current opening-auction volume relative to prior-day volume between 0.5 and 2, and MACD above its zero line. The article presents the filter as a way to find stocks with potential for medium- to long-term appreciation, but it supplies no performance results or validation for that claim.

The post includes indicator and Python examples, though the code does not cleanly match the written logic: it uses price and money-flow fields in ways that appear inconsistent with the stated amplitude and volume-ratio definitions. It also acknowledges that the screen is based on technical data and omits company fundamentals such as profitability and financial health. The suggested improvement is to add fundamental measures and stronger risk controls; users would need to resolve the implementation discrepancies and test the rules before drawing conclusions.

Key ideas

• The screen combines price amplitude, a turnover and auction-volume ratio, and a positive MACD condition.
• It aims to identify equities with price and volume characteristics considered favorable by the post’s author.
• The post provides no evidence of historical or live performance for the proposed screen.
• Its sample code appears inconsistent with parts of the written selection criteria.
• The author notes that technical filters omit fundamentals and suggests adding fundamental analysis and risk controls.

Tags

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