Screening Stocks with Amplitude, MACD, and a Prior Limit-Down Match Price
Summary
This stock screen combines three conditions: price amplitude above a stated threshold, MACD above its zero line, and a prior-day 9:15 matched price at the limit-down level. The document interprets the positive MACD condition as a sign of an upward trend while treating the limit-down match price as evidence of possible market pressure, which it suggests could support a short-term bearish trade. It also provides indicator formulas and a Python example, though the code’s calculations do not clearly align with all of the stated conditions.
No performance results or backtest evidence are reported. The author cautions that the screen relies on technical data and the prior match price without incorporating company fundamentals or other market information. These conditions alone therefore offer limited grounds for judging a stock, and the document suggests adding further factors to improve the screen’s breadth and reliability.
Key ideas
- The screen combines price amplitude, MACD above zero, and a prior-day limit-down matched price.
- The document associates the matched price condition with possible short-term selling pressure.
- It provides example formulas and code, but the implementation does not clearly match every stated filter.
- No backtest results are provided, and the screen omits fundamentals and other relevant factors.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.