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Screening Chinese Stocks by Turnover, Recent Dragon-Tiger Listing, and Weekly MACD

Article SuperMind
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Summary

This screening proposal selects Chinese shares with turnover between 3% and 12%, a Dragon-Tiger List appearance on the prior day, and weekly MACD above zero. The list appearance is used as a proxy for market or institutional attention, turnover bounds impose a liquidity range, and positive MACD is intended to align the selection with a positive trend. The note also specifies a listing-age threshold of more than one year and includes formula and data-processing examples.

The author cautions that the screen relies on technical and trading-activity signals while omitting company fundamentals such as earnings, revenue, and management quality. It recommends combining these filters with fundamental analysis and risk controls such as stop-loss levels. No backtest or performance evidence is provided. The examples contain a possible mismatch between the stated positive weekly MACD filter and code that appears to test a transition across zero, so implementation details require verification before use.

Key ideas

  • The proposed screen requires turnover from 3% to 12%, a prior-day Dragon-Tiger List appearance, and weekly MACD above zero.
  • Turnover bounds are used to constrain liquidity, while the list appearance serves as a proxy for attention.
  • The note recommends adding fundamental analysis because the stated filters do not assess business quality.
  • Risk controls, including stop-loss rules, are suggested but not specified or tested.
  • The document reports no performance results, and its example code may not match the stated weekly MACD condition.

Tags

EquitiesTechnical indicatorsMomentumRisk managementChina markets

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