Screening Main Board Stocks with MACD and Intraday Momentum

Summary

The screen combines a positive daily MACD reading with a daily gain above 1%, limits candidates to main board stocks, and looks for the 15-minute MACD histogram’s negative bars to shorten. The article interprets that contraction as potentially easing selling pressure. It includes example screening logic and Python-style implementation details, along with suggestions to consider other indicators, company fundamentals, and risk controls.

The article offers a rule set rather than empirical evidence: it reports no backtest or measured returns. Its examples also leave implementation details that warrant review. In particular, the written condition of shortening green bars is not clearly aligned with the sample code’s MACD comparisons, and checking whether MACD is above zero may depend on whether the implementation refers to the MACD line or histogram. Short-term signals can change quickly, and the screen by itself does not establish that a stock will continue rising.

Key ideas

• The screen requires daily MACD above zero and a daily price gain greater than 1%.
• It restricts candidates to main board stocks and examines the 15-minute MACD histogram.
• The article treats shrinking negative histogram bars as a possible sign of reduced selling pressure.
• The example code and verbal signal description should be reconciled before use.
• No performance test is provided, and the article notes risks from short-term signals and limited fundamental analysis.

Tags

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