Combining Intraday MACD Contraction with Revenue Growth Screening

Summary

This stock selection approach combines a 15-minute MACD condition, described as a shortening green histogram, with MACD above its zero line and revenue in 2021 exceeding revenue in 2018 by more than a stated threshold. The provided implementation examines recent intraday bars and filters a large-cap index universe, while also including rules for portfolio entry and loss exits. These details make the article useful as an example of combining short-horizon technical signals with a multi-year fundamental comparison.

The text notes that histogram contraction may be only a short-term signal, selected shares may be volatile, and multiple filters can leave too few candidates. It proposes adding other indicators and market sentiment, but offers no backtest results or evidence that these additions improve outcomes. The written description and code do not fully align in how the MACD transition and revenue periods are encoded, so the operational definitions and data timing would need careful review before evaluation.

Key ideas

• The screen combines a 15-minute MACD histogram contraction with a MACD level above zero.
• It uses revenue growth from 2018 to 2021 as a fundamental filter.
• The example implementation adds universe, entry, and loss-exit rules.
• The document warns that intraday signals can be noisy and that strict filters may yield few candidates.
• No performance evidence is supplied, and the written criteria require reconciliation with the implementation.

Tags

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