Screening Stocks with 15-Minute MACD Contraction, RSI, and Positive P/E

Summary

This stock selection method combines a positive trailing price-to-earnings ratio with RSI below 65 and a 15-minute MACD histogram that is contracting while below zero. The author interprets a shortening negative histogram as a possible sign of a short-term reversal or rebound after a pullback. The accompanying Python example outlines screening listed Chinese equities, calculating RSI and MACD, and returning a limited candidate list.

The post suggests confirming signals across multiple MACD timeframes and optionally adding another technical indicator. It warns that 15-minute signals are vulnerable to noise and short-lived price fluctuations, so risk controls matter. The article provides no performance results or systematic validation, and its code’s histogram and contraction conditions are not fully clear or aligned with every part of the prose description; the screen should therefore be treated as an illustrative idea rather than evidence of profitability.

Key ideas

• The screen requires RSI below 65 and a positive trailing price-to-earnings ratio.
• It looks for a below-zero 15-minute MACD histogram that is shortening.
• The author presents histogram contraction as a possible early rebound signal.
• Short timeframes can produce noisy signals and call for stronger risk controls.
• The post proposes checking multiple MACD timeframes and combining indicators.

Tags

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