Chinese Stock Screening with Amplitude, Shortening MACD, and Capital Control

Summary

This Chinese stock screen combines three conditions: amplitude above 1, a shrinking negative MACD histogram on a 15-minute interval, and a signal described as major-player control on the previous day. The accompanying rationale treats amplitude as a way to find active stocks, the contracting histogram as a possible sign of a developing trend change, and the capital-control measure as evidence of buying pressure.

The document supplies indicator formulas and a Python example intended to filter stocks, but the implementation does not establish that the conditions predict returns. It cautions that technical signals can omit fundamentals and broader market conditions, and that a capital-control proxy may be affected by valuation and market themes. It recommends combining technical and fundamental analysis, while offering no backtest, sample period, or evidence that the screen improves risk-adjusted performance.

Key ideas

• The screen requires amplitude above 1, a shortening negative MACD histogram on a 15-minute interval, and a prior-day capital-control signal.
• The rationale links amplitude to activity and a contracting negative histogram to a possible change in price direction.
• The document provides formula and Python examples for combining the filters.
• It warns that technical indicators and capital-control measures can miss fundamentals, valuation, and market conditions.
• No backtest or performance evidence is presented.

Tags

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