Combining 15-Minute MACD and Moving-Average Alignment for Stock Screening

Summary

This stock screen requires at least five moving averages to overlap, the 20-day average to be above the 120-day average, and the 15-minute MACD histogram’s negative bars to be shortening. The explanation interprets the overlap as relative price stability, the average comparison as stronger short-term than long-term direction, and the MACD change as a possible near-term rebound signal. It describes the combination as a technical filter for identifying shares with upward potential.

No backtest, return data, or other empirical evidence is provided. The document warns that technical indicators can be sensitive to market sentiment and that the resulting list may be small. It proposes adding other indicators, adjusting the overlap threshold, and incorporating fundamental analysis, but does not test those changes. The code excerpt is incomplete, so operational details for calculating and screening the signals are not established.

Key ideas

• The setup combines overlap among five moving averages, a 20-day average above the 120-day average, and shortening negative MACD bars on a 15-minute chart.
• The average comparison is intended to capture stronger short-term direction, while the MACD condition is framed as a possible rebound signal.
• The document reports no performance testing or measured results.
• It notes indicator sensitivity and potentially few qualifying stocks as limitations.

Tags

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