Screening Stocks with Weekly MACD and Afternoon Large-Order Flows

Summary

This Chinese stock-screening note combines three conditions: daily price range above 1% of the prior close, weekly MACD above zero with its line above the signal line, and positive main-fund net inflow in the afternoon. It presents the combination as a way to find stocks with an upward technical backdrop and active buying, and includes indicator references and a sample data-query approach.

The article offers no performance results or backtest evidence. Its explanation frames large-order flows as a possible sign of active capital, but acknowledges that such flows can be distorted by unusual trading or manipulation. It also warns that technical and flow indicators omit company fundamentals and industry conditions. Suggested improvements include adding revenue, profit, valuation, tradable share count, and turnover measures. The sample implementation uses additional filters beyond the stated core screen, so it should not be treated as a precise implementation of the headline conditions without checking its data fields and logic.

Key ideas

• The screen requires daily amplitude above 1% of the prior close and weekly MACD above zero.
• It also requires the MACD line to exceed its signal line and afternoon main-fund net inflow to be positive.
• The author presents the rules as a blend of technical trend and capital-flow signals.
• Large-order flow can be misleading, and the screen does not account for fundamentals or industry conditions.
• The sample implementation adds further filters, so its logic may not match the stated screen exactly.

Tags

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