Screening Stocks with Positive MACD and Stronger Best-Bid Volume

Summary

This Chinese stock-selection note describes a daily screen based on three conditions: MACD above zero, share price below 12 yuan, and displayed volume at the best bid greater than displayed volume at the best ask. The stated schedule is before the market opens, while the illustrative code uses 15-minute data and filters for a specific time, leaving the actual screening time unclear. The article includes formula and code examples but does not report backtest or live-trading evidence.

The author presents the screen as a combination of trend information, a low-price threshold, and order-book depth. The note warns that relying heavily on bid and ask quantities can reduce selection accuracy, and that depth data may be delayed or unstable, especially for low-volume stocks. It recommends adding technical and fundamental measures and checking data quality. The rules are a candidate filter, not demonstrated evidence of profitable trades.

Key ideas

• The screen requires MACD above zero, a share price below 12 yuan, and best-bid volume exceeding best-ask volume.
• The described approach combines a technical indicator, a price threshold, and order-book depth.
• The article gives formula and code examples but no performance results.
• Displayed order-book quantities may be delayed or unreliable, particularly in thinly traded stocks.
• The author suggests supplementing the screen with other technical and fundamental information.

Tags

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