Mainland Stock Momentum Screen Using Range, MACD, and Daily Gains
Summary
This document describes a screen for mainland Chinese main-board stocks requiring daily amplitude above 1, MACD above the zero line, and a daily gain above 1%. The stated rationale is to combine a minimum trading range and positive MACD condition with stocks already rising that day. It includes formula fragments for amplitude and MACD as well as a sample data-filtering routine.
The author warns that the screen relies on price action and omits company finances, industry prospects, management, and other fundamentals, so it can lead to narrow or reactive decisions. Broader company and sector measures and additional indicators such as RSI or KDJ are suggested. No backtest or performance results are presented. The formulas and sample code use differing amplitude conventions and do not consistently show the MACD or main-board requirements, so the implementation should be checked against the intended definitions before research or trading use.
Key ideas
- The screen looks for main-board stocks with amplitude above 1, MACD above zero, and a daily rise above 1%.\nThe stated rationale combines a minimum price range with positive trend and same-day strength.\nThe document cautions that the screen omits financial, industry, and management information.\nNo test results are offered, and the sample implementation does not consistently encode every stated condition.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.