Screening Stocks by Turnover, KDJ Golden Cross, and Range

Summary

This Chinese stock-selection rule requires turnover between 3% and 12%, a newly formed KDJ golden cross, and a daily amplitude above 1%. The proposed rationale is to avoid stocks with very low or unusually high turnover, use the KDJ crossover to identify a possible price turn, and favor shares showing some daily movement. The document includes indicator-formula references and a Python example that scans A-share data.

The author notes that technical filters do not account for long-term business fundamentals and that indicators can be noisy or limited. Suggested additions include growth and profitability measures, other technical indicators, and stop-loss or take-profit controls. No backtest results or return evidence are reported. The sample code's turnover quantile check and KDJ comparison may not precisely represent the stated conditions of current turnover and a newly formed crossover, so its implementation should be validated before use.

Key ideas

• The screen requires turnover from 3% through 12% and daily amplitude above 1%.
• It uses a newly formed KDJ golden cross as a potential turning-point signal.
• The example scans A-share stocks using market data and indicator fields.
• The document cautions that technical filters omit fundamentals and can be noisy.
• It supplies no strategy performance results, and the sample code may not exactly match the stated rules.

Tags

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