Chinese Stock Screen Using Weekly MACD, Price Range, and Volume Ratio

Summary

This Chinese equity screen combines a daily price range filter, a weekly MACD condition, and relative trading volume. It selects stocks whose daily high-low range exceeds 1% of the previous close, whose weekly MACD is above zero with the MACD line above its signal line, and whose daily volume is more than 1.5 but less than 6 times its five-day average. These criteria aim to find active stocks with positive trend conditions.

The article provides indicator expressions and a sample stock-selection outline, but it does not report a backtest, selected names, or returns. It cautions that the screen omits company fundamentals and industry conditions, and that market moves, policy changes, and company disclosures can affect outcomes. The sample code also does not fully demonstrate the weekly MACD calculation, so implementation details need checking. The screen is a technical filter rather than a complete investment plan; the article recommends combining it with broader analysis and risk controls.

Key ideas

• The screen requires a daily high-low range greater than 1% of the previous close.
• It selects stocks with weekly MACD above zero and above its signal line.
• Daily volume must be between 1.5 and 6 times its five-day average.
• The method relies on technical and volume data and leaves out fundamentals and industry analysis.
• The article provides no measured performance, and its sample code leaves implementation details unresolved.

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