Chinese Stock Screening with Turnover and Ordered Moving Averages

Summary

This Chinese-language post describes an A-share screening idea that combines turnover, price position, and a hierarchy of moving averages. It seeks stocks with turnover above 1, a trading price above the five-day average, and successively higher averages from five days through 120 days. The intended reading is that short- and long-term averages align while price holds above the short-term average, which the post associates with a possible rebound or upward trend.

The article offers formula and Python examples, along with suggestions to incorporate company fundamentals, industry, market sentiment, and other indicators. It does not report a backtest, define a holding period or exit rule, or provide evidence that the screen predicts returns. The example code also includes additional filters, such as a positive daily change and a low below the prior day's low, so its implementation is not identical to the prose description. The post cautions that technical signals can lag and omit longer-term business conditions.

Key ideas

• The screen requires turnover above 1 and price above its five-day moving average.
• It checks whether moving averages from five to 120 days form a strictly increasing sequence.
• The post frames this alignment as a possible rebound or trend signal, without providing performance evidence.
• Its code adds price-action filters that are not included in the main screening description.
• The author suggests complementing technical filters with fundamental, industry, and sentiment information.

Tags

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