MACD and Opening-Gain Screen for Popular A-Shares

Summary

This document outlines a Chinese A-share screen that looks for stocks with MACD above zero, ranks candidates by individual stock popularity, and limits the 9:25 a.m. price increase to less than 6%. It presents the approach as a way to combine a positive trend signal with attention while avoiding stocks that have already risen sharply before the open. Example indicator and Python snippets illustrate a MACD calculation and sorting by turnover rate, although the implementation does not directly encode every part of the stated popularity and timing logic.

The article gives no backtest, benchmark comparison, or trading outcomes. It notes that a simple indicator-based screen can produce similar holdings, miss broader market conditions, and be affected by data quality and volatility. It suggests adding factors such as market capitalization or valuation and evaluating stability with a backtest. The stated thresholds and examples should therefore be treated as a screening idea, not as evidence of a profitable strategy.

Key ideas

• The screen requires MACD to be above zero and ranks stocks by popularity.
• It excludes candidates whose 9:25 a.m. gain is 6% or more.
• The example code sorts filtered data by turnover rate, which may not fully represent the stated popularity ranking.
• The article warns that single-indicator screens can overlook market conditions and create similar holdings.
• No backtest results or performance evidence are provided.

Tags

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