Combining Intraday MACD, Trading Activity, and Convertible Bond Filters

Summary

This post proposes a stock screen combining three conditions: relatively strong trading activity, a nonempty convertible-bond-related name field, and a shortening negative MACD histogram on a 15-minute chart. The author interprets the histogram condition as a possible shift toward bullish momentum and the activity condition as a way to focus on actively traded shares. The post describes this as a way to find liquid stocks showing a potential trend change.

It acknowledges that the screen omits factors such as valuation and financial health, and suggests adding those measures. The accompanying sample code uses rolling volume and MACD calculations, but its filters do not clearly implement the stated shortening-histogram and convertible-bond conditions. It also does not report a backtest, execution rules, or performance evidence. The proposed signal therefore remains underspecified, and the stated interpretation of convertible-bond status as a risk indicator is not supported with analysis in the post.

Key ideas

• The proposed screen combines trading activity, a convertible-bond-related field, and a 15-minute MACD condition.
• A shortening negative MACD histogram is interpreted as a possible bullish turn.
• The author notes that valuation and company financials are absent from the screen.
• The sample code does not clearly implement all of the written selection conditions.
• No backtest results or performance evidence are provided.

Tags

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