Chinese Stock Screen Using Weekly MACD and a Rising 30-Day Average

Summary

This Chinese equity screening idea combines daily price range, a positive weekly MACD reading, and an upward-sloping 30-day moving average. The article’s final version adds a valuation filter, stating that the price-to-book ratio should fall within a specified range. It describes the moving average as a way to identify a broader rising tendency, while range and weekly momentum capture shorter-term activity.

The post includes formula and Python examples, but implementation details are inconsistent: the written rule names price-to-book while the formulas use price-to-earnings, and the Python comments and comparisons do not always match the stated indicators. No backtest results or performance evidence are supplied. The author notes that the screen omits fundamentals beyond its added valuation condition and relies on historical price behavior, which cannot assure future gains.

Key ideas

• The screen combines a daily amplitude threshold with positive weekly MACD and a rising 30-day moving average.
• The final stated rule adds a valuation ratio filter, although the examples use a different ratio from the written rule.
• The article provides sample formula and Python implementations but contains inconsistencies between the description and code.
• The post gives no performance results and warns that past price trends and limited fundamental inputs do not ensure future returns.

Tags

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