Screening Stocks with Intraday MACD, Price Range, and Positive Returns

Summary

This stock screen combines three conditions: amplitude above 1, a shortening negative MACD histogram on a 15-minute chart, and positive returns. The document interprets the amplitude filter as a way to find more volatile stocks and the shrinking histogram as a possible sign of a change in momentum. Positive returns are intended to favor stocks already moving upward. It suggests extending the return measure beyond the short term and adding fundamental or technical filters for a broader assessment.

The document provides indicator and Python examples, but they do not fully establish a consistent implementation of the stated rules: the sample data fields and MACD calculation may not align with the described conditions. No backtest, performance figures, or evidence of predictive value is supplied. Positive returns can precede a pullback, while volatile, small-cap, or newly listed stocks may carry elevated risk. The screen is therefore a candidate selection idea, not a validated trading strategy; its thresholds and data handling would need independent review.

Key ideas

• The screen requires amplitude above 1, a shortening negative 15-minute MACD histogram, and positive returns.
• A shrinking negative histogram may indicate weakening downward momentum, but the document does not demonstrate that it predicts a reversal.
• The document recommends considering longer return windows and combining technical filters with fundamental measures.
• Short-term gains can reverse, and highly volatile small-cap stocks may pose additional risks.

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