Chinese Stock Screening with Dividend, RSI, and 15-Minute MACD Filters

Summary

This screening idea combines a historical fundamental condition with two technical filters: a 2019 dividend payout ratio above 25%, RSI below 65, and a shrinking MACD histogram on a 15-minute chart. The post presents the combination as a way to consider both company distributions and recent price behavior. It also discusses weighting the indicators, adding sector-level risk controls, and incorporating more data in a broader quantitative analysis.

The article includes an illustrative Python implementation, but its RSI calculation uses daily prices while the MACD condition uses 15-minute data. It does not provide a backtest, portfolio construction rules, execution assumptions, or evidence that the filters produce better selections. The stated caveat is that favorable fundamentals may not align with technical conditions, and the screen may overlook broad market direction. The historic dividend criterion may also be stale, and the indicator thresholds are presented without validation. Treat the method as a screening hypothesis that requires data verification and testing.

Key ideas

• The screen requires a 2019 dividend payout ratio above 25% and RSI below 65.
• It also looks for a shrinking MACD histogram on a 15-minute chart.
• The example implementation uses daily data for RSI and intraday data for MACD.
• The post recommends reviewing indicator weights and considering sector risk controls.
• No backtest or performance evidence is provided, and market direction may be overlooked.

Tags

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