Screening for High Range, Positive Weekly MACD, and Seven Down Closes

Summary

This Chinese-language article outlines an equity screen combining a daily high-low range above one percent, weekly MACD above zero, and seven consecutive sessions in which each close is below the prior close. It frames the setup as a way to find stocks with a positive broader technical backdrop but recent short-term weakness. The article provides screening formulas and a sample Python workflow using market data and technical-analysis libraries, but it reports no backtest results or evidence that the signals predict returns.

The source cautions that the screen omits company fundamentals and cannot account for unpredictable market swings. It suggests adding technical, valuation, market-capitalization, sentiment, and funding-related inputs, alongside stronger risk controls. The implementation examples should be treated carefully: the sample weekly-data condition checks candle opens and closes rather than calculating the stated weekly MACD rule, and its range calculation differs from the stated prior-close formula. These inconsistencies mean the code does not clearly implement the described screen as written.

Key ideas

• The screen combines a daily range threshold, weekly MACD above zero, and seven consecutive declining closes.
• The article presents the setup as a way to identify stocks with recent weakness despite a positive broader technical condition.
• It supplies formulas and a sample data-processing workflow but no performance evidence.
• The article notes that the screen excludes fundamentals and remains exposed to market risk.
• The sample code does not consistently implement the stated MACD and range conditions.

Tags

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