Screening for Turnover, a Fresh KDJ Crossover, and a Two-Day High

Summary

This Chinese A-share selection rule combines trading activity with short-term price and momentum signals. It screens for turnover between 3% and 12%, a newly formed KDJ bullish crossover, and a current price at the highest level of the latest two-day window. The document describes turnover as an activity filter, the KDJ crossover as a possible sign of an upward move, and the short lookback high as a way to capture near-term strength. It also provides example indicator formulas and a Python outline.

The post warns that this technical screen leaves out financial statements, industry conditions, and policy developments, so selected companies may have weak fundamentals. Its two-day horizon can also miss longer trends and makes the rule reliant on short-term movement. The proposed refinements are adding fundamental measures and testing a longer price window. No backtest, return figures, benchmark comparison, holding period, or exit logic is supplied, so the described rationale is not evidence of profitability.

Key ideas

• The screen requires turnover from 3% through 12% and a newly formed bullish KDJ crossover.
• It selects stocks whose current price reaches the highest level in a two-day window.
• The short lookback makes the signal responsive to recent strength but dependent on short-term price movement.
• The post recommends adding fundamental information and considering a longer price window.
• No performance results, benchmark, holding period, or exit rules are provided.

Tags

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