Screening Chinese Stocks with MACD, Amplitude, and a Five-Stage Limit-Up Pattern

Summary

This document describes a Chinese stock screen intended to run before 10 a.m. It selects non-ST shares with daily amplitude above 1%, MACD above zero, and conditions associated with a five-stage limit-up pattern. Those stages use RSI thresholds and moving-average crosses to identify named setups ranging from a bullish candle pattern to stronger phases. The text also gives example indicator formulas and a Python sketch of the filter.

The rationale is that positive MACD and large amplitude may identify shares with upward potential, while excluding ST stocks is meant to reduce risk. The document offers no backtest or performance evidence, and its risk discussion notes that combining restrictive technical conditions can leave few candidates and that technical indicators may be unstable. Its Python example has implementation ambiguities, including a mismatch between the stated amplitude calculation and the code's threshold, and the five stage conditions are combined conjunctively, which may make simultaneous satisfaction unlikely. It suggests adding fundamental and market-value filters or other indicators, but does not evaluate those changes.

Key ideas

• The screen combines amplitude above 1%, positive MACD, non-ST status, and five pattern conditions.
• The five stages rely on RSI levels and moving-average crosses.
• The stated selection time is before 10 a.m.
• The document gives example formulas and Python code but no performance evidence.
• Restrictive technical filters may produce few stocks and unstable selections.

Tags

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