Screening Stocks by Amplitude, Dividend Yield, and MACD

Summary

The document describes a Chinese equity screening rule combining daily price amplitude, a historical dividend-yield threshold, and a positive MACD reading. Its rationale is that amplitude selects more volatile stocks, the dividend filter favors companies with substantial distributions, and MACD above zero signals short-term upward momentum. It includes formula and Python examples showing how to combine the three conditions into a screen.

The article warns that MACD can misread trends and that the approach emphasizes short-term prospects over longer-term opportunities. It suggests adding other technical indicators, company fundamentals, and industry or theme data, though it provides no evaluation of those additions. The examples also leave implementation details that matter for reproducibility, including the exact definition and period for amplitude and the alignment of the historical dividend data with current prices. No backtest results or evidence of predictive performance are reported.

Key ideas

• The screen combines price amplitude, a historical dividend-yield threshold, and MACD above zero.
• The article presents amplitude as a way to select more volatile stocks.
• A positive MACD reading is used as a signal of short-term upward direction.
• The author notes that indicator errors and short-term focus can limit the strategy.
• The document provides code examples but no performance test or predictive evidence.

Tags

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