Combining Intraday MACD, Price Range, and Revenue Growth in a Stock Screen

Summary

This screening idea combines three conditions: daily amplitude above 1, a shortening negative MACD histogram on a 15-minute chart, and reported revenue in 2021 exceeding the 2018 figure by a factor greater than 1.1. The document presents the revenue comparison as a way to add a basic growth filter to short-term technical conditions. It includes example indicator formulas and a Python-style workflow for selecting and sorting stocks.

The note identifies risks from volatile stocks, the limited relevance of older financial comparisons, and the omission of other fundamentals. Its examples also contain apparent mismatches: the sample code filters turnover ratio rather than amplitude, uses earnings-per-share fields while describing revenue, and expresses the revenue comparison inconsistently. No backtest, performance results, or verification of the implementation is supplied. The screen is therefore an unvalidated proposal, and its inputs and formulas would need checking before use.

Key ideas

• The proposed screen combines amplitude, a shortening negative 15-minute MACD histogram, and revenue growth between two reporting years.
• The author suggests adding fundamental information to a technical stock filter.
• The document warns that high-amplitude stocks carry uncertainty and that a limited financial comparison may misrepresent older companies.
• The sample implementation appears inconsistent with the stated conditions, including its amplitude and financial data fields.
• No backtest results or evidence of profitability are reported.

Tags

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