MACD and Positive P/E Stock Screening by Auction Turnover

Summary

This Chinese-language post describes a simple equity screen: keep stocks with MACD above zero and positive price-to-earnings ratios, then rank them by the day’s auction amount and select the top five. It interprets positive MACD as an indication of an uptrend and auction turnover as a rough measure of market attention. The post also gives example indicator formulas and Python-style screening steps.

The author cautions that the screen uses few independent checks and that auction amount may not be a reliable selection measure. They suggest combining additional indicators or adjusting their weights, and emphasize adapting the rules to the situation. No historical performance results or validation are provided, and the code examples refer to turnover fields that may not exactly match the stated auction-amount ranking.

Key ideas

• The screen filters for stocks with MACD above zero and positive P/E before ranking candidates by auction amount.
• Positive MACD is treated as a trend signal, while auction activity is used as a proxy for investor attention.
• The author warns that the rules provide limited confirmation and that auction amount may be a weak selection measure.
• The post recommends combining indicators and adjusting their weights, but provides no performance evidence.

Tags

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