Equity Screen Combining Intraday MACD, Price Range, and Long-Term Trend

Summary

This stock screen combines three conditions: price amplitude above a threshold, a shrinking negative MACD histogram on a 15-minute chart, and the previous day's close above its 250-day moving average. The document presents the combination as a way to find shares with short-term momentum improvement while remaining above a long-term trend measure. It includes illustrative screening formulas and a Python workflow for filtering and sorting candidate stocks, but provides no backtest or evidence that the screen predicts returns.

The author notes that the method uses technical data alone and may omit company fundamentals and market sentiment. Threshold choices and indicator interpretation may also be subjective. The code example's use of turnover ratio as the amplitude filter may not match the stated condition, and the listed formulas and data joins would need validation before use. The screen is therefore a candidate-generation idea, not a demonstrated trading strategy; transaction costs, execution rules, and out-of-sample performance are not addressed.

Key ideas

• The screen requires high price amplitude, a contracting negative 15-minute MACD histogram, and a close above the 250-day moving average.
• The proposed logic combines a short-term indicator change with a long-term trend filter.
• The document supplies sample formulas and a Python outline but reports no performance test.
• It warns that technical-only selection omits fundamentals and broader market conditions.
• The code's amplitude proxy and data handling should be checked against the stated rules.

Tags

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