Combining Positive MACD, Company Filters, and a Trend-Start Screen
Summary
This stock-selection proposal combines a technical screen with basic company filters. It seeks equities whose MACD is above zero, whose company type passes specified exclusions, and whose moving measures satisfy an ordered condition described as identifying the start of a strong advance. The stated rationale is to favor bullish momentum while filtering companies by selected characteristics. The document also sketches a workflow that retrieves financial and price data, calculates MACD, and checks candidates against the criteria.
The article provides no backtest, benchmark, portfolio construction rules, or measured evidence that the screen predicts returns. Its description of the trend-start condition is not fully consistent across the prose and example code, and the company-type filter is not explained in enough detail to judge its economic basis. The author notes market dependence and subjectivity, and suggests adding other technical and fundamental measures. The screen is therefore a hypothesis for further validation rather than a demonstrated strategy.
Key ideas
- The proposed screen requires MACD to be above zero and applies additional company-characteristic filters.
- A moving-measure ordering is used to represent the beginning of a strong upward move.
- The article describes gathering stock and price data, calculating MACD, and filtering candidates.
- No backtest or return evidence is presented, and the trend-start condition is not fully specified.
- Market conditions and reliance on subjective indicators are stated risks.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.