Screening Equities with Price Range, Dividend Payout, and MACD

Summary

This Chinese-language post describes an equity screen combining three conditions: price amplitude above a threshold, a dividend payout ratio above a threshold for 2019, and a MACD value below zero two trading days earlier. The rationale is to combine a volatility measure, a historical dividend characteristic, and a short-term technical signal. It also discusses possible fundamental filters such as price-to-earnings and price-to-book ratios, and includes example implementation references.

The post supplies no backtest results or performance evidence. Its sample Python logic does not exactly match the stated screen: it checks a recent price range and whether dividends are positive, and its MACD condition compares DIF with DEA rather than testing the specified historical MACD value. The author warns that stock-specific fundamentals and operational risks matter, so the rules should not be used alone. The strategy is therefore best understood as an informal screening idea, with timing, data definitions, and implementation details requiring verification.

Key ideas

• The proposed screen combines price amplitude, a 2019 dividend payout condition, and a lagged MACD condition.
• The rationale is to mix volatility, dividend history, and technical analysis in one stock selection rule.
• The article suggests adding valuation measures such as price-to-earnings and price-to-book ratios for further review.
• The sample code differs from the stated conditions, so its implementation needs checking.
• No backtest or evidence of profitability is provided.

Tags

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