Screening for Above-Zero MACD and a Two-Day High in 2021

Summary

The screen combines an above-zero MACD condition with a two-day price-high condition and restricts selection to 2021. The post frames positive MACD as a trend filter and the recent high as a way to identify stocks showing upward price action. It also suggests that technical signals alone may miss company fundamentals and other market information, and recommends considering additional indicators and managing position risk.

The evidence is a description of the proposed rules and example formula snippets; the post gives no backtest, performance data, or validation. Its implementation details are not fully consistent: the written rule says MACD is above zero, while the formula uses a zero-line crossover, and the high comparison is ambiguous. The accompanying Python example also appears to check a crossover and a particular recent high rather than clearly implementing the stated conditions. The fixed 2021 restriction limits the screen’s applicability to that historical period, and the signal should not be treated as evidence of future returns.

Key ideas

• The proposed screen combines a MACD zero-line condition with a two-day high condition.
• The selection period is limited to 2021.
• The post recommends adding other technical or fundamental criteria and controlling risk.
• The formula examples do not consistently implement the verbal description, and no performance evidence is supplied.

Tags

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