Intraday MACD Screen for Shortening Negative Histogram Bars and Two-Day Highs

Summary

This stock screen combines a MACD condition above the zero line, a two-day high, and a shortening negative MACD histogram on a 15-minute chart. It also excludes stocks in a specified Chinese market segment. The accompanying implementation outline uses daily highs to identify recent highs and intraday bars to calculate MACD. The stated rationale is to identify short-term strength while tracking a change in intraday momentum.

The article provides indicator rules and code references, but no backtest results, performance statistics, or comparison with a benchmark. It acknowledges that MACD and recent highs may not capture longer-term behavior, that 15-minute signals can be sensitive to short-term fluctuations, and that excluding a market segment narrows the opportunity set. The proposed additions—other indicators, multiple MACD timeframes, and risk controls—are suggestions rather than validated improvements. The screen itself does not specify execution, position sizing, or exit rules.

Key ideas

• The screen combines MACD above zero, a two-day high, and a shortening negative histogram on a 15-minute chart.
• It excludes stocks from a specified Chinese market segment.
• The implementation outline uses daily data for highs and intraday data for MACD.
• The post provides no performance evidence and notes the sensitivity of intraday signals.
• Suggested filters and risk controls are not tested in the document.

Tags

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