Screening Shanghai-Listed Stocks with Turnover and KDJ Crossovers

Summary

This Chinese equity screening note selects stocks with turnover between 3% and 12%, codes beginning with 60, and a newly formed KDJ golden cross, where the K line moves above the D line after being below it. The stated rationale combines a turnover filter intended to reflect liquidity, a listing-code restriction, and a technical trigger often interpreted as upward momentum. The accompanying Python example calculates rolling highs and lows, derives an RSV series, smooths it into K and D values, and checks for the crossover.

The post does not report backtest results or establish that the screen produces profitable trades. It cautions that KDJ can give misleading signals during rapid price changes or sideways markets and says the rules do not account for company fundamentals. It suggests combining the trigger with other technical measures and examining financial performance and dividends. Although the explanation states a turnover range, the sample code does not visibly apply that filter, so it is not a complete implementation of the described screen.

Key ideas

• The screen combines turnover between 3% and 12%, codes beginning with 60, and a newly formed KDJ golden cross.
• The sample calculates K and D values from rolling price highs and lows and checks for a recent crossover.
• The example code does not visibly implement the stated turnover condition.
• The post provides no performance evidence and warns that KDJ signals may fail during volatile or sideways markets.
• It recommends considering other technical indicators and company fundamentals alongside the screen.

Tags

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