Screening Main-Board Stocks with Weekly MACD and Daily Price Conditions

Summary

The post describes a technical stock screen for main-board shares. It combines daily price movement with an amplitude threshold and a positive weekly MACD condition. The accompanying examples express the screen through a formula and Python-like pseudocode: candidate stocks must meet the amplitude rule, show positive weekly MACD readings, belong to the specified main-board universe, and have a positive daily return. It suggests adding fundamental data and other technical or market factors to refine selection.

The author cautions that a screen based only on technical conditions ignores company fundamentals and broader market influences, so its results may vary. The post supplies implementation sketches, but does not define all data-provider functions or clearly establish how the amplitude measure is calculated in context. It reports no backtest methodology, transaction costs, portfolio rules, or out-of-sample evidence. Treat the conditions as a screening example rather than a validated trading strategy.

Key ideas

• The screen combines a daily amplitude condition with positive weekly MACD readings.
• It restricts candidates to main-board stocks with a positive daily return.
• The post recommends considering fundamentals and additional indicators or market factors.
• The code examples are partial and leave some implementation details dependent on the platform.
• No backtest evidence or portfolio and execution rules are provided.

Tags

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