Screening Stocks with Price Range, Weekly MACD, and Moving Averages

Summary

This stock-selection proposal combines three technical conditions: daily amplitude above one percent, weekly MACD above zero, and alignment among at least five moving averages. It frames the range and MACD conditions as signs of strength and direction, while moving-average alignment is intended to indicate a reinforced bullish trend. The post includes indicator formulas and a sample screening workflow.

The implementation details do not fully match the stated rule: the formula shown for the moving-average condition counts five closes above the five-day average, rather than checking overlap among five averages, and the example MACD logic is not clearly presented as weekly data. The article offers no backtest or performance evidence. It acknowledges that the screen is basic and may fail when market sentiment is unstable, and suggests adding other technical or fundamental filters. The criteria should therefore be treated as an unvalidated screening idea, with definitions and data frequency clarified before evaluation.

Key ideas

• The proposed screen combines price amplitude, weekly MACD, and moving-average conditions.
• The stated purpose is to find stocks with positive trend characteristics.
• The provided moving-average formula checks closes above a five-day average, not overlap among five averages.
• The post gives no backtest evidence and flags unstable market sentiment as a limitation.
• Additional technical or fundamental criteria are suggested, but not tested.

Tags

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