Screening Stocks with Range, Morning Star, and Weekly MACD

Summary

The document presents a Chinese stock selection rule combining daily amplitude above 1, a morning-star pattern, and weekly MACD above zero. Its indicator examples add moving-average ordering and other price, volume, and size conditions. The intended rationale is to combine price movement and a bullish candlestick pattern with a positive weekly trend signal; the accompanying example code attempts to identify qualifying stocks from daily and weekly data.

The post provides no backtest results or evidence that the screen predicts returns. It acknowledges that the approach leaves out company and industry fundamentals and that market uncertainty creates risk. The code and stated logic also do not clearly establish how the named morning-star pattern is defined, so implementation details may not match the intended pattern. The document frames the approach as a candidate screen and recommends broader evaluation, not as a validated strategy.

Key ideas

• The proposed screen uses daily amplitude above 1, a morning-star pattern, and weekly MACD above zero.
• The indicator example also applies moving-average ordering and additional price, volume, and capitalization filters.
• The post describes a technical screen, but supplies no measured returns or backtest evidence.
• Fundamental and industry information are omitted, and the pattern implementation may not fully match its name.

Tags

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