Combining Turnover, a Fresh KDJ Cross, and Rising Price Lows

Summary

This Chinese equity screen selects stocks with turnover between 3% and 12%, a newly formed KDJ golden cross, and rising closing prices that indicate higher short-term lows. The article treats the rising-bottom condition as a possible sign of price support and supplies formula and Python examples for filtering stocks. Its discussion frames the added price condition as an extension of a prior screen.

No backtest or outcome data are provided, so the rules remain a candidate selection method rather than demonstrated evidence of profitability. The author notes that technical filters ignore company fundamentals and that identifying rising lows requires observation over time. The article suggests combining other indicators, such as MACD, with fundamental measures and risk criteria, then evaluating selections through a combined score. The code’s turnover quantile check and KDJ comparisons may not precisely match the prose description of a current turnover range and a newly formed cross, so implementation details should be validated before research use.

Key ideas

• The screen combines a turnover range, a fresh KDJ golden cross, and rising recent closing prices.
• The higher-low condition is intended to identify stocks with potential price support.
• The document provides no performance evidence for the combined rules.
• Technical-only selection can omit fundamental information, and bottom formation takes time to assess.
• The code’s quantile and indicator checks may differ from the stated screening logic.

Tags

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