Mainland China Stock Screen Using Turnover, Relative Gains, and MACD

Summary

This post describes a main-board stock screen using three conditions: daily turnover between 3% and 12%, a daily gain above 1% relative to a comparison market or sector, and a MACD signal above its zero line. Its explanation presents turnover and relative price strength as short-term selection criteria, with MACD intended to reinforce trend direction. The post also provides example indicator calculations and a stock-universe filter that excludes certain board segments.

The author warns that strict conditions may omit promising stocks and that short-term volatility can change the selections. The post gives no backtest, return figures, or evidence that the screen is profitable. Its code examples appear to use differing comparisons for the gain condition, so the intended benchmark and exact MACD rule should be clarified and checked before relying on an implementation. The suggested extensions include broader conditions and fundamental or additional technical inputs.

Key ideas

• The screen selects main-board shares with turnover between 3% and 12%.
• It requires a daily gain above 1% relative to a comparison market or sector.
• MACD above the zero line serves as a trend filter.
• Strict filters may exclude candidates, and short-term price changes can alter results.
• The post provides no performance testing and its example comparison logic should be verified.

Tags

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