Combining Intraday MACD Momentum with Range and Prior-Low Filters

Summary

This document presents a stock screen combining three conditions: amplitude above 1, a shrinking negative MACD histogram on a 15-minute interval, and a close above the previous day's low. The rationale is that a large range identifies active stocks, a contracting negative histogram may signal a change in short-term direction, and holding above the prior low may indicate buying support. The article also sketches indicator formulas and a sample workflow that joins intraday MACD data with daily price data and ranks candidates by traded amount.

No backtest, trade log, or return evidence is provided. The document acknowledges that the rules rely on a narrow set of technical signals, may omit important market influences, and use thresholds that can be subjective. It suggests adding market sentiment, sector performance, and volume measures, as well as defining thresholds more objectively. The screen is therefore an illustrative selection method; the text does not establish that it produces profitable trades or account for execution and transaction costs.

Key ideas

• The screen combines amplitude above 1, a shortening negative MACD histogram on a 15-minute interval, and a close above the previous day's low.
• The article interprets a shrinking negative histogram as a possible near-term change in momentum.
• It proposes using volume, market sentiment, and sector moves to add context to the three filters.
• The document provides no measured strategy performance and notes that its criteria can be subjective.

Tags

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