Screening Chinese Stocks with MACD, Price Range, and Institutional Flow

Summary

This Chinese-language note proposes screening stocks with an intraday range above 1%, MACD above its zero line, and a positive institutional-flow measure. It presents the range as a measure of price activity, MACD as a way to assess price direction, and the flow measure as a proxy for changes in capital activity. Formula references and a Python example are included to illustrate how the conditions might be combined.

The document gives no backtest, performance data, or evidence that the screen predicts returns. Its code example also differs in implementation details from the stated formulas, so it should not be treated as a verified reproduction. The author flags that the approach omits fundamentals and other relevant factors, and suggests adding financial and industry information or weighting criteria. The screen is therefore a simple technical and flow-based filter, not a complete investment method.

Key ideas

• The screen combines a price-range threshold, positive MACD, and a positive institutional-flow proxy.
• The note provides formula references and sample code, but does not report a backtest.
• Its code and written criteria may differ in their precise calculations.
• The author cautions that the screen omits company fundamentals and other factors.

Tags

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