Screening Stocks by Daily Range, Trading Activity, and Weekly MACD

Summary

This stock-selection screen combines three conditions: daily high-to-low range above 1% of the opening price, prior-day trading activity above the stated threshold, and a positive weekly MACD condition. The document presents the rules as a way to focus on active stocks with larger price movements while using the weekly MACD signal to identify an upward shift in momentum. It also gives example implementations for screening and describes how to place a selection statement into a platform template for backtesting.

The document offers no historical performance results or evidence that the filter is profitable. Its own caveats are that weekly MACD can lag a reversal and that the range and trading-activity filters may concentrate selections in a small number of popular stocks. It suggests considering other indicators and additional measures of activity or diversification. The examples contain implementation details that may not match the written conditions exactly, so users should verify the data fields, lookback alignment, and weekly aggregation before relying on results.

Key ideas

• The screen requires a daily range above 1% of the opening price, trading activity above the stated threshold, and a positive weekly MACD condition.
• The range and activity filters aim to select stocks with larger movements and active trading.
• A weekly MACD signal may react slowly when the market reverses.
• The stated filters may concentrate selections in popular stocks and reduce diversification.
• The document gives no performance evidence and recommends validating implementation details before use.

Tags

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