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Screening Stocks with Shortening 15-Minute MACD Bars and RSI Below 65

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Summary

This Chinese stock-selection screen combines three filters: RSI below 65, no limit-up close on the prior day, and shortening green bars on a 15-minute MACD histogram. The article interprets the shrinking bars as a possible sign of short-term trend reversal and presents indicator-formula and Python examples for scanning stocks.

No backtest results or other performance evidence are provided. The article cautions that MACD responds relatively slowly and reflects only recent movement, while adding too many indicators may overfit a strategy. Its code and written rules are not fully consistent about the MACD comparison, and the implementation should be reviewed before use. The proposed addition of other indicators, such as KDJ, is not accompanied by validation or guidance on parameter selection.

Key ideas

  • The screen requires RSI below 65, no prior-day limit-up, and shortening 15-minute MACD histogram bars.
  • The article treats shrinking histogram bars as a possible short-term reversal signal.
  • It gives example formulas and code but no evidence of historical or live performance.
  • The article warns that MACD is slow and that additional filters can increase overfitting risk.
  • The example implementation does not fully align with the written MACD condition.

Tags

EquitiesTechnical indicatorsMomentumChina markets

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