Screening Shanghai-Listed Stocks with Turnover and 15-Minute MACD

Summary

This Chinese equity screening proposal selects stocks whose codes begin with 60, whose turnover falls within a stated 3%–12% range, and whose 15-minute MACD histogram is described as shortening while negative. The article includes a formula-style reference and a Python sketch for collecting eligible stocks and checking recent intraday MACD values. The intended signal is a possible easing of downward momentum, paired with a turnover filter and an exchange-listing prefix.

The source itself cautions that MACD alone may not capture the broader market trend and that reliance on past price behavior can leave the screen poorly suited to rapid market changes. It recommends combining additional technical and fundamental information. No backtest, performance evidence, or precise portfolio and exit rules are supplied. There is also a mismatch between the prose description and parts of the formula reference, which appears to impose other conditions and a different MACD relationship. The example should therefore be treated as an underspecified screening concept rather than a validated trading system.

Key ideas

• The proposed screen combines a turnover range, a stock-code prefix, and a 15-minute MACD histogram condition.
• The MACD rule is intended to identify a shortening negative histogram as downward momentum eases.
• The article warns that a single indicator may miss broader trends and adapt poorly to fast market changes.
• The formula reference does not fully align with the prose description.
• No performance test, portfolio rules, or exit method is provided.

Tags

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