Chinese Stock Screening with Weekly MACD, Amplitude, and Market-Cap Rank

Summary

This Chinese equity screen combines daily price amplitude above 1, a positive weekly MACD reading, and a market-cap rank between the 20th and 70th percentiles. The article also describes ranking candidates by volume relative to its 20-period average, then selecting the highest-ranked result. It provides indicator and Python examples for implementing the screen.

The rationale is that elevated amplitude identifies active stocks and a positive weekly indicator suggests upward momentum; the market-cap range is presented as a way to limit the universe. The article cautions that technical filters do not assess company fundamentals and that the rank limits may exclude smaller stocks. It proposes adding measures such as profitability and earnings and broadening the rank range. No backtest results or performance evidence are reported, and the example code’s rank and indicator conventions would need verification before use.

Key ideas

• The screen requires amplitude above 1 and a positive weekly MACD condition.
• Candidates must fall between the 20th and 70th market-cap rank percentiles.
• The example adds a volume-to-average-volume ranking to choose a leading candidate.
• The article warns that technical filters omit company fundamentals and may exclude smaller stocks.
• No performance evidence is provided for the proposed screen.

Tags

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