Screening Stocks for Large Daily Ranges and Rising MACD DEA in 2021
Summary
This stock screen selects shares when the daily high-to-low range exceeds 1%, the observation falls in 2021, and the MACD DEA line rises from the prior period. The accompanying explanation treats a wide range as a sign of volatility and a rising DEA as evidence of an upward trend. It gives example indicator logic in formula and Python form, but does not report returns or a backtest, so it offers a screening recipe rather than evidence of trading performance.
The stated limitations are that the screen omits company fundamentals and may not account adequately for volume or broader market conditions. It suggests adding valuation or earnings measures and volume filters. The written selection criteria are simple, though the Python example also filters invalid price data and applies its DEA condition to the latest available change, so implementation details and the intended evaluation date matter when reproducing the screen.
Key ideas
- The screen requires a daily high-to-low range greater than 1%.\nIt restricts eligible observations to 2021.\nIt uses an increase in the MACD DEA line as an upward-trend condition.\nThe article presents no performance test and says fundamentals and volume are omitted.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.