Combining MACD, Industry Membership, and Intraday Gain Filters

Summary

This post describes a Chinese equity screen combining three conditions: a positive MACD reading, membership in selected beverage and alcohol import-export industry classifications, and a daily percentage change below a stated ceiling. Its example implementation also excludes stocks outside a specified intraday gain range and adds a minimum share-count condition. It shows how these filters can be combined in a stock-selection query and describes allocating portfolio value equally across the selected names.

The post identifies several limitations: a morning price move may not persist, MACD can lag, and the screen relies on a narrow set of technical and industry inputs. It suggests adding other technical measures and fundamental criteria such as valuation ratios. However, it presents no backtest, performance evidence, or detailed rules for choosing thresholds or managing the number of selected stocks. The example code and platform-specific industry fields may also require adaptation to a user's data source and execution environment.

Key ideas

• The screen combines positive MACD, selected beverage-related industries, and a cap on daily price change.
• The example adds a lower bound on daily change and a minimum listed-share count.
• The sample portfolio assigns equal value to each selected stock.
• The post flags lagging indicators, temporary price moves, and limited input coverage as risks.
• It suggests broadening technical and fundamental inputs, but does not report performance tests.

Tags

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