Combining MACD Momentum with a Historical Dividend Filter

Summary

This Chinese-language post describes an equity screen that combines a positive MACD condition and rising DEA with a 2019 dividend ratio above 25%. It applies the rules to constituents of the CSI 300 and gives illustrative selection and portfolio-management code, including a 5% cost-basis loss exit and a limit on the number of holdings. The post characterizes dividends as a possible sign of profitability and a source of income, while using MACD to identify stocks with upward momentum.

The article offers no backtest results or performance evidence. It flags possible inaccuracies in dividend data and the weakness of relying on only a small set of indicators. It suggests adding market-trend and fundamental filters, and notes that selected stocks could be screened or ranked further. The dividend condition refers specifically to 2019, so the document does not establish that it is suitable as a current or forward-looking filter.

Key ideas

• The screen requires MACD above zero, rising DEA, and a 2019 dividend ratio greater than 25%.
• The example applies the conditions to CSI 300 stocks.
• The provided portfolio code includes a loss exit and a cap on holdings.
• The post warns that dividend data may be unreliable and that the screen uses few factors.
• No backtest or performance evidence is reported.

Tags

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