Ranking Chinese Stocks with Relative Volume and 15-Minute MACD
Summary
The document outlines a Chinese stock screening rule that ranks shares by relative volume and looks for a shortening MACD histogram below zero on a 15-minute chart. It interprets high relative volume as a sign of near-term market attention and a shrinking negative histogram as a possible shift toward rising prices. The initial screen selects the top 100 by relative volume; a proposed refinement also requires a high turnover ranking and an upward-opening Bollinger Band.
The post warns that relative volume reflects short-term activity rather than lasting capital flows, and that intraday MACD can react strongly to market noise. It suggests combining indicators to broaden the assessment, but provides no backtest, performance figures, entry and exit rules, or evidence that the refinements improve results. The accompanying code excerpt is only a minimal setup reference, so the document is best read as a screening concept rather than a complete trading system.
Key ideas
- Relative volume is used to rank stocks by recent trading activity, with the initial screen taking the top 100.
- A shortening negative MACD histogram on a 15-minute chart is treated as a possible bullish shift.
- The proposed refinement adds turnover ranking and requires Bollinger Bands to open upward.
- The post notes that relative volume is short-term and intraday MACD can be sensitive to market fluctuations.
- No empirical performance evidence or complete trading rules are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.