MACD Stock Screening with Three Declining Days and Shortening Intraday Bars

Summary

This post outlines a stock screen that combines MACD above its zero line, three consecutive declining sessions, and shortening MACD histogram bars on a 15-minute chart. The intended logic is to look for stocks with a broader positive MACD condition while using recent weakness and an intraday histogram change as signs of a possible short-term pullback. It includes a sample indicator reference and trading code, but reports no backtest, performance measurements, or trade outcomes.

There are material ambiguities in the implementation: the sample code checks daily MACD values with conditions that do not clearly match the stated above-zero requirement, uses a 30-minute interval rather than 15 minutes, and approximates declining days by comparing recent highs and lows. The post itself warns that the approach relies on technical data and can be affected by fast-changing markets. It suggests adding company and industry fundamentals and considering broader market trends and policy changes. These recommendations are general; no tested optimization is shown.

Key ideas

• The proposed screen combines MACD above zero, three declining days, and a shortening intraday MACD histogram.
• The intended setup uses a positive broader indicator condition alongside a short-term pullback signal.
• The example code's timeframe and MACD conditions do not clearly match the written screening rules.
• The post offers no performance evidence and advises considering fundamentals and market conditions.

Tags

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