MACD Above Zero and Three Bearish Candles Stock Screen

Summary

This Chinese stock-screening post describes selecting equities using a mix of a technical indicator, company classification filters, and recent candle behavior. Its stated conditions include MACD above zero, exclusion of several company types, and three consecutive bearish daily candles. The article presents the screen as a way to identify stocks undergoing a possible short-term pullback, while retaining a positive MACD condition. It also includes example implementations for screening and retrieving market data.

The examples are not fully consistent: the formula reference checks prior closes against a moving average, while the prose describes bearish candles; the Python example checks candle bodies and compares MACD with its signal line. No performance results or systematic evaluation are provided. The post warns that candle patterns and MACD can fluctuate in the short term, and suggests adding financial and industry information. The screen is therefore a candidate-generation idea, not evidence of a profitable strategy.

Key ideas

• The screen combines a positive MACD condition with company-type exclusions and recent bearish price action.
• The described setup aims to find equities that may be in a short-term pullback.
• The formula and Python examples encode different conditions, so the intended rules need clarification before use.
• The post provides no backtest or evidence that the screen predicts future returns.
• The author suggests incorporating financial and industry information alongside technical signals.

Tags

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