Screening Chinese Stocks with Arc Patterns and Weekly MACD

Summary

The strategy screens Chinese stocks using three stated characteristics: membership in the metaverse industry, an arc-shaped pattern, and weekly MACD above zero. It later adds a market-capitalization range of 1 billion to 10 billion in the source currency. The accompanying example describes combining industry and pattern filters with historical price data and MACD calculations to select candidates.

The text says the setup uses technical indicators and is easy to interpret, but supplies no backtest, benchmark, or evidence of predictive accuracy. It warns that the screen ignores company fundamentals and earnings expectations, and suggests combining it with other indicators and fundamental analysis. The sample code and implementation details are illustrative and appear not to fully demonstrate weekly MACD calculation or the stated market-capitalization units, so the rules would need validation before use.

Key ideas

• The screen combines a metaverse industry filter, an arc-shaped pattern, and weekly MACD above zero.
• It adds a market-capitalization band from 1 billion to 10 billion in the source currency.
• The strategy uses technical conditions but provides no backtest results or performance evidence.
• The source warns that the screen omits fundamentals and future earnings expectations.
• The example implementation requires validation against the stated weekly indicator and capitalization rules.

Tags

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