Screening Main-Board Stocks by Turnover, Daily Gains, and MACD

Summary

This Chinese stock-selection post describes a daily screen for main-board shares. It combines turnover between 3% and 12%, a daily gain above 1%, and a positive daily MACD reading. The post frames these as filters for market activity, price momentum, and trend, and supplies illustrative indicator and data-processing examples. It does not report a backtest, portfolio returns, or other evidence that the conditions produce profitable trades.

The author notes that the selection logic excludes company fundamentals and that MACD can fail amid sudden company or industry events. Suggested extensions include fundamental measures and additional technical indicators. The examples also contain implementation details that do not always align cleanly with the stated screen, so the prose rules are the clearest description of the intended conditions. The document specifies how to select candidates but does not define entry and exit rules, risk limits, or position sizing.

Key ideas

• The intended screen requires turnover from 3% to 12% and a daily gain above 1% for main-board stocks.
• It also requires the daily MACD value to be positive.
• The post provides example implementations but no measured backtest or performance evidence.
• The author flags omitted fundamentals and the possibility that sudden events weaken indicator signals.
• Entry, exit, and position-sizing rules are not specified.

Tags

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