Skip to content
All library documents

Equity Screening with Intraday MACD Contraction and Robot Theme

Article SuperMind
Read the original

Summary

This proposed equity screen combines a price-range condition, a 15-minute MACD histogram that is negative but becoming less negative, membership in a robotics-related theme, and a ceiling on circulating market capitalization. The note interprets the shrinking negative histogram bars as a possible change in trend and the range filter as a way to find volatile shares. It includes formula and Python examples intended to combine these conditions.

The author flags valuation risk among robotics-themed stocks and suggests adding valuation measures and adjusting the market-cap range to suit market conditions. No backtest results or evidence are supplied to establish that the screen identifies profitable opportunities. The examples also leave important implementation details unclear: the range condition is expressed differently across sections, and the formula for the MACD condition should be checked against the intended histogram calculation. The screen is a candidate selection rule, not a complete strategy with defined execution, position sizing, or risk controls.

Key ideas

  • The screen combines a range filter, a contracting negative 15-minute MACD histogram, robotics-theme membership, and a market-cap ceiling.
  • The shrinking negative histogram is presented as a possible sign of changing momentum.
  • The note identifies elevated valuation as a risk and proposes adding valuation measures.
  • The examples differ in how they calculate the range condition and require implementation checks.
  • No performance evidence or complete trading and risk-management rules are provided.

Tags

EquitiesTechnical indicatorsMomentumVolatilityRisk management

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