Equity Screening with High Range, Recent Price Surge, and 15-Minute MACD

Summary

This proposed stock screen combines a daily amplitude filter, a large single-day gain during the past 25 trading days, and a 15-minute MACD condition in which the negative histogram bars are shortening. The article interprets the criteria as a way to identify volatile stocks that have recently attracted strong buying and may be showing a short-term shift in momentum. It supplies formula and Python-style examples, though the examples do not fully align with the stated green-bar condition.

The post gives no backtest or evidence that the screen predicts returns. It flags the risks of relying on technical indicators, ignoring company fundamentals and sector context, and focusing on intraday signals without checking longer-term direction. Its suggested extensions include other technical indicators, fundamental and industry analysis, and confirming the setup on daily or weekly timeframes. These are recommendations rather than tested improvements.

Key ideas

• The screen combines elevated price range with a large one-day gain during the prior 25 trading days.\nIt uses shortening negative MACD histogram bars on a 15-minute timeframe as a momentum signal.\nThe provided examples may not exactly implement the stated histogram condition.\nThe article reports no backtest and recommends broader fundamental and timeframe checks.

Tags

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