Chinese Stock Screening with Turnover and MACD Filters

Summary

This Chinese stock-screening example combines three conditions: a turnover rate between 3% and 12%, a listing year of 2021, and a MACD condition intended to keep stocks above the indicator’s zero axis. The accompanying explanation frames the MACD filter as a way to focus on stocks showing strength. It also sketches a formula using exponential moving averages and conditions related to the MACD lines, though the formula’s details do not perfectly match the stated zero-axis rule.

The post warns that MACD can change over short periods and may be affected by broad market moves, including sharp declines. It suggests adding fundamental measures such as valuation or return on equity, or combining technical indicators such as RSI and KDJ. No backtest, performance figures, selection dates beyond the stated listing year, or execution rules are provided, so the example describes a screening idea rather than evidence of a profitable trading strategy.

Key ideas

• The screen filters for turnover between 3% and 12% and stocks listed in 2021.
• It uses MACD conditions to seek stocks with positive trend characteristics.
• The formula shown combines exponential moving averages with additional MACD conditions.
• MACD signals can shift quickly and respond to broad market conditions.
• Fundamental and additional technical measures are suggested as possible complements.

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