Equity Screening with Amplitude, MACD, and Prior-Day Low

Summary

This document describes a stock screen that combines three conditions: daily price amplitude above a threshold, MACD above zero, and the close above the previous day’s low. It presents the setup as a way to find stocks with some price movement and positive momentum while requiring the close to remain above a recent intraday low. Indicator formula and Python examples are included as implementation references.

The document offers no historical performance results or evidence that the screen is profitable. It notes that the rules use technical information alone and may miss short-term pullbacks or overlook company fundamentals and other relevant factors. It suggests adding financial and industry information, weighting multiple inputs, or combining the close-versus-low rule with other indicators such as RSI or moving averages. The examples also differ in their amplitude calculation and MACD condition, so implementation details may affect which stocks qualify.

Key ideas

• The screen requires amplitude above one, MACD above zero, and a close above the prior day’s low.
• The document frames MACD as a trend signal and the close condition as a sign of relative strength.
• It provides formula and Python examples, but their calculations are not fully consistent.
• Fundamental and industry factors are absent, and the document reports no performance testing.

Tags

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