Screening Chinese Stocks for High Range and Rising Lows

Summary

The document describes a Chinese equity screen that combines a daily range filter, a stock-code prefix, and a three-bar low-price pattern. It selects stocks whose high-to-low range exceeds one percent of the open, whose code begins with 60, and whose recent lows indicate a higher-bottom setup. The accompanying indicator example sorts qualifying stocks by trading value. A Python example expresses similar filters and limits results to a stated date range.

The rationale is that a wider daily range may offer more trading opportunity, while rising lows can suggest a possible reversal. The post also cautions that this is a narrow technical screen: it omits fundamentals, can produce many irrelevant candidates, and may miss short-term movements. It suggests combining the pattern with other indicators, including MACD, and considering steadier capital inflows. No backtest, performance statistics, entry or exit rules, or risk controls are provided, so the screen should be treated as a candidate-generation idea rather than evidence of a profitable strategy.

Key ideas

• The screen requires a daily high-to-low range greater than one percent of the opening price.
• It restricts candidates to stocks whose codes begin with 60.
• A three-bar low-price condition is used to represent a rising-bottom pattern.
• The post recommends combining this technical screen with other indicators and fundamental information.
• No performance test or complete trade management rules are reported.

Tags

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