Intraday MACD Histogram Screen with Turnover and Range Filters

Summary

This short-term stock screen combines a shrinking negative MACD histogram on a 15-minute chart with turnover between the stated bounds and daily price amplitude above its threshold. The intended interpretation is that a contracting negative histogram may signal weakening downward momentum, while turnover and amplitude filters seek actively traded, moving stocks. The document also recommends considering company fundamentals, other technical indicators, and position and concentration controls.

It supplies an indicator formula and sample Python logic, but no backtest results or evidence of predictive performance. The formula and prose are not fully aligned with the stated condition: the formula checks whether the current MACD value is nonnegative after a prior negative value, while the Python example checks a negative histogram that is rising toward zero. The example also uses daily data for some filters despite describing an intraday screen. These differences make the signal definition and data frequency important points to resolve before testing or trading. The article notes risks of overtrading and overconcentration.

Key ideas

• The screen looks for a contracting negative MACD histogram on a 15-minute interval.
• It adds turnover and price-amplitude thresholds to focus on active, moving stocks.
• The provided formula and Python example describe different MACD conditions.
• Some example filters use daily data even though the screen is framed as intraday.
• The document cautions about overtrading, concentration, and missing fundamental risk checks.

Tags

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