Screening 2021 Stocks by Daily MACD and Intraday Range
Summary
The document presents a historical stock screen requiring daily price amplitude above 1%, a trading date in 2021, and a positive MACD value. It describes amplitude as a measure of price movement and MACD as a trend signal, and provides formula and Python examples using the standard 12, 26, and 9 period MACD settings. The example selects qualifying observations from 2021 rather than laying out a forward-looking trading system.
No backtest results, return evidence, or rules for entering and exiting positions are supplied. The article notes that MACD can lag and produce outdated signals, and that technical indicators do not account for financial or other market influences. It recommends combining indicator signals with other technical and fundamental information, while adjusting for current conditions. Because the specified year is fixed in the screen, applying the logic to another period would require changing that date condition; the document does not explain how to validate such changes.
Key ideas
- The screen combines daily amplitude above 1% with a positive MACD reading.
- It restricts the data to trading observations from 2021.
- The MACD example uses 12, 26, and 9 period settings.
- The article cautions that MACD may lag and should not be used alone.
- No performance test or complete trade management rules are presented.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.