Screening Chinese Stocks with Turnover, KDJ Crossovers, and Order Flow

Summary

This post describes a Chinese equity screening rule that combines a turnover-rate band of 3% to 12%, a newly formed KDJ golden cross, and a positive product of price change and large-order net volume. It frames the filters as checks for liquidity, technical direction, and active money flows. The article also provides sample formula and Python-style implementations intended to identify candidate stocks, then rank the output by last price.

The post gives no backtest results for the combined rule. Its formula examples do not map cleanly to the stated selection logic: the reference conditions use volume-related fields and a trading-value threshold, while the explanation describes large-order net volume. The article itself cautions that the screen omits company fundamentals and relies on historical data, so changing markets and investor sentiment may weaken its usefulness. It suggests adding fundamental and contextual measures, but reports no evidence that such additions improve performance.

Key ideas

• The screen requires turnover between 3% and 12% and a recent KDJ golden cross.
• It also seeks a positive relationship between price change and a large-order net-volume measure.
• The post presents sample implementations, but their fields do not fully match the written rule.
• No performance test is reported, and the author notes that fundamentals and changing market conditions are omitted.

Tags

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