Combining Turnover, Prior-Day Leaderboard Activity, and Rising Lows

Summary

This Chinese stock screen requires turnover between 3% and 12%, a listing on the previous day's trading leaderboard, and a rising-bottoms condition. The article represents the last condition with a positive 60-period bias-power measure. It presents the combination as a way to find stocks with improving price structure and recent trading attention.

The article provides sample indicator formulas and code, but no backtest results or evidence of returns. It notes that the conditions may be too restrictive, producing a narrow and unstable selection, and that they omit market-wide conditions and company fundamentals. Suggested refinements include adding moving-average or MACD signals, incorporating financial screening, and adjusting conditions based on selection stability and returns. The code examples make the rules more concrete, though the document does not define the leaderboard data source or validate the indicator settings.

Key ideas

• The screen combines 3%–12% turnover with prior-day leaderboard inclusion and rising lows.\nA positive 60-period bias-power reading is used as a proxy for the rising-bottoms condition.\nThe article warns that restrictive conditions can result in a narrow and unstable stock list.\nIt proposes adding market, technical, and fundamental inputs, but reports no tested performance.

Tags

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