Combining Moving Average Confluence, Large-Order Flow, and Dividends

Summary

This Chinese equity screening proposal combines three criteria: at least five moving averages converging, a high rank for net large-order volume, and a dividend payout ratio above 25% in 2019. The post frames moving-average convergence as a possible precursor to a trend change or acceleration, large-order net flow as a sign of market interest, and dividend history as a basic quality signal. It proposes taking the top 100 stocks by large-order net volume.

The document supplies sample Python routines involving moving averages, Bollinger Bands, volume, dividends, signals, positions, and returns, but it does not provide backtest results or evidence that the combined screen works. It acknowledges that technical and fundamental indicators cannot reliably forecast future performance, and suggests adding other indicators and valuation measures. The examples are incomplete and do not clearly implement every stated screening condition, so they are best read as an outline rather than a reproducible strategy.

Key ideas

• The proposed screen requires at least five converging moving averages and ranks stocks by net large-order volume.
• It also filters for a 2019 dividend payout ratio above 25%.
• The post suggests that the combination may capture technical alignment, trading interest, and dividend history.
• The code is illustrative and incomplete, and no performance testing is reported.

Tags

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