Filtering Stocks by Amplitude, MACD, and Weekly Trend Signals

Summary

This stock screen combines three technical conditions: daily amplitude above a threshold, MACD above the zero line, and a positive weekly bar supported by rising moving-average alignment and price above a longer moving average. The document presents amplitude as a volatility filter, MACD as a bullish signal, and the weekly conditions as confirmation of an upward trend. It includes formula and Python examples intended to identify qualifying stocks.

The material offers a strategy rationale but no backtest, return data, or comparison with alternative screens. It cautions that a positive weekly bar may represent only a temporary rebound and cannot guarantee continued gains. It proposes adding other indicators and fundamental analysis, but does not test those additions. The examples should be treated cautiously: the code contains inconsistent variable references and indicator notation, and the written amplitude condition may not correspond cleanly to its stated threshold. Practical use would require validating definitions, data alignment, and implementation before evaluating the screen.

Key ideas

• The screen combines a daily amplitude filter with MACD above zero and bullish weekly conditions.
• Weekly confirmation includes positive price action and an ordered moving-average structure.
• The source warns that a positive weekly bar can be temporary and does not assure continued gains.
• No historical performance evidence is supplied for the combined screen.
• The provided implementation examples contain inconsistencies that require validation.

Tags

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