Screening Chinese Stocks with Weekly MACD and Price Range Filters
Summary
This Chinese stock selection note screens for shares with a daily price change threshold, more than a year of listing history, and weekly MACD above zero. It presents the range condition as a way to find active stocks, the listing-age filter as a way to avoid newer shares, and positive weekly MACD as evidence of an upward longer-term trend. The document includes example indicator formulas and a Python workflow for querying stock and price data.
The author notes that market moves and policy changes can affect results, that a short-term range measure may mislead, and that MACD can produce false signals. Suggested additions include other technical indicators and risk measures, but these improvements are not tested. The document supplies no backtest, return figures, comparison universe, or transaction-cost analysis. Its examples also leave implementation details unclear, including how the weekly MACD and listing-age conditions are aligned with the stated selection logic.
Key ideas
- The screen combines a daily price movement filter, listing age, and positive weekly MACD.
- The note interprets weekly MACD above zero as a sign of a longer-term upward trend.
- Daily range can be noisy, and MACD may give false signals.
- Additional indicators and risk measures are proposed but not evaluated.
- No backtest evidence or trading performance is reported.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.