Equity Screening with Weekly MACD, Daily Range, and Control Strength

Summary

This stock screening approach combines three technical conditions: daily amplitude above 1%, weekly MACD above zero, and a daily control indicator above 21. The article describes the control measure as a possible sign of strong short-term price behavior. It also gives formula references for measuring the daily range and a bullish candle, plus a sample selection workflow using stock data.

The document reports no backtest, performance statistics, or evidence that the filters predict returns. It cautions that technical conditions alone can select companies with weak fundamentals or unreasonable valuations, and that the control indicator can produce false signals. The author suggests adding fundamental and broader market context and applying additional judgment; these suggestions are not tested in the article.

Key ideas

• The screen requires daily amplitude above 1%, weekly MACD above zero, and a control reading above 21.
• The article presents the control measure as a possible indicator of short-term price strength.
• The document supplies formula references and a sample stock selection workflow.
• No performance test is reported, and the author cautions that technical signals may be false.
• The proposed refinements include fundamental analysis and consideration of overall market conditions.

Tags

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