Chinese Stock Screening with Turnover, KDJ, and MACD Filters

Summary

This Chinese equity screening rule selects stocks with turnover between 3% and 12%, a K value below 20, and a shortening green MACD histogram on a 15-minute timeframe. The article presents the combination as a buy signal and includes example screening logic and Python code. It also excludes stocks associated with two specified industry codes. The indicators are intended to narrow the candidate list; no portfolio construction or exit rule is described.

The article warns that technical indicators can lag and that focusing on them alone may overlook company fundamentals and broader market conditions. It recommends considering industry trends, financial condition, and sector activity, alongside controlling position size. No backtest results or return evidence are supplied, so the screen should be understood as a proposed filter rather than a validated strategy. The code examples also rely on particular data and indicator conventions, which would need checking before operational use.

Key ideas

• The screen combines turnover between 3% and 12% with a K value below 20.
• It treats a shortening green MACD histogram on a 15-minute timeframe as part of a buy signal.
• The example logic excludes stocks with two specified industry codes.
• The article cautions that MACD can lag and that technical filters omit fundamentals and market context.
• No performance results are provided, and the proposed screen is not validated in the text.

Tags

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