Chinese Stock Screen Using Weekly MACD and Opening Gap

Summary

The screen selects Chinese stocks using three conditions: daily amplitude above one percent, weekly MACD above zero with its MACD line above the signal line, and an opening price less than six percent above the previous close. The document presents amplitude as a measure of price movement, weekly MACD as a trend filter, and the opening gap as a measure of early trading conditions.

It supplies indicator formulas and sample implementation references, but provides no backtest results or evidence of profitability. The accompanying discussion cautions that the screen relies on technical and price data while omitting company fundamentals, industry conditions, and broader market risk. It also flags potential short-term measurement errors and recommends considering financial, industry, and market information before using the selections.

Key ideas

• The screen requires daily amplitude above one percent and a positive weekly MACD condition.
• It excludes stocks whose opening price is six percent or more above the prior close.
• The document offers formulas and implementation references but reports no performance evidence.
• The screen omits fundamental, industry, and broader market factors, which may affect its selections.

Tags

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