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Screening Shanghai-Listed Stocks with Range and MACD Conditions

Article SuperMind
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Summary

This stock screen combines three conditions: daily high-low amplitude above 1, a stock code beginning with 60, and a MACD signal above the zero axis. The post explains the conditions as a way to select relatively volatile shares in a particular Chinese market segment while looking for bullish momentum. It includes example formula logic and a Python outline using historical prices and a MACD calculation.

The document cautions that MACD can lag and that relying on a single technical indicator may overlook fundamentals and broader market risk. It recommends considering financial information, multiple technical signals, and diversification. No backtest or performance evidence is supplied, and the indicator descriptions and code examples are not fully identical in how they express the MACD condition, so the precise entry rule should be verified before research use.

Key ideas

  • The screen requires amplitude above 1 and a stock code beginning with 60.
  • It uses MACD position or signal conditions above the zero axis to identify bullish momentum.
  • The post notes that technical indicators can lag and do not capture company fundamentals or market-wide risk.
  • It recommends combining multiple sources of information and diversifying, but reports no performance tests.

Tags

EquitiesChina marketsTechnical indicatorsMomentum

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