Chinese Stock Screen Using Range, Turnover, and Weekly MACD

Summary

This document describes a stock selection rule combining daily price movement, recent trading activity, and a weekly trend indicator. It selects shares whose intraday amplitude exceeds 1, whose prior-day turnover is above 60 million, and whose weekly MACD is above its zero line. The accompanying examples outline how to express the conditions in a charting formula and a Python workflow.

The rationale is to find volatile, actively traded stocks with a positive trend signal. The document provides no backtest, performance data, or evidence that the combined screen predicts returns. It also notes that MACD can give misleading signals and that the rule omits company fundamentals. Suggested improvements include adding financial and industry filters or evaluating indicator variations with statistical or machine learning methods. The sample code has apparent inconsistencies between its stated prior-day turnover condition and the data field used, and its MACD example uses a single stock, so it should be treated as illustrative rather than a validated implementation.

Key ideas

• The screen combines price amplitude, prior-day turnover, and weekly MACD above zero.
• Its stated purpose is to identify active stocks with a positive trend signal.
• The document gives example formulas and code but no performance evaluation.
• MACD may misclassify trends, and the rule does not include company fundamentals.
• Additional financial or industry filters could be used to assess the screen.

Tags

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