Screening Shanghai-Listed Stocks with Positive MACD and Positive P/E

Summary

This post proposes a daily pre-open screen for stocks whose codes begin with 60, whose MACD is above zero, and whose price-to-earnings ratio is positive. It describes MACD as a trend filter and positive P/E as a basic valuation condition, and includes example formulas and a ranking by recent percentage change. The code prefix restricts the universe to a subset of listed shares, though the post gives little justification for treating that universe as more attractive.

The post provides no backtest, performance statistics, or evidence that the combined filters predict returns. It flags the narrow code-based universe and the risk of relying too heavily on short-term signals, and suggests adding fundamentals and other technical indicators while avoiding excessive constraints. The examples should be treated as implementation references: the described MACD condition and the code’s data fields may need checking for consistency, and a usable test would require point-in-time data and explicit execution assumptions.

Key ideas

• The proposed screen requires MACD above zero, positive P/E, and a stock code beginning with 60.
• Selection is intended to occur before each trading day’s open.
• The post suggests combining technical filters with additional company fundamentals.
• The code-prefix restriction narrows the stock universe, but the rationale for it is not developed.
• No strategy results are reported, and the example implementation needs validation before evaluation.

Tags

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