Combining Intraday MACD Weakening, Share Volatility, and Dividend Yield

Summary

This Chinese equity screening proposal combines three conditions: daily price amplitude above 1%, a dividend ratio above 25% for 2019, and a 15-minute MACD histogram that is shortening while below zero. The rationale is to find volatile shares with a history of high distributions where short-term downward momentum may be easing. The note offers indicator formulas and example code for combining the filters.

The article cautions that a short-term MACD signal may not capture longer-term value or price direction, and that the chosen indicator is a limited description of market behavior. It suggests adding other technical measures and fundamental checks such as valuation, return on equity, and company performance. No backtest, sample results, or evidence that the screen predicts profitable trades is provided. The code's data fields and frequency handling also do not clearly demonstrate that the dividend measure is tied to 2019 or that the MACD inputs represent 15-minute bars, so implementation details need validation.

Key ideas

• The screen requires amplitude above 1%, a 2019 dividend ratio above 25%, and a shortening negative MACD histogram.
• The combination seeks volatile dividend-paying shares with potentially easing short-term declines.
• The article recommends adding technical and fundamental measures for broader assessment.
• It provides formulas and sample code but no performance evidence.
• The examples do not clearly establish that their data match the stated period and bar frequency.

Tags

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