Screening Stocks with Weekly MACD, Daily Range, and Buy-Sell Volume

Summary

This Chinese stock-selection approach combines a daily range threshold, weekly MACD above zero, and a daily external-to-internal trade volume ratio above 1.3. The article presents these filters as a way to find stocks with positive trend conditions and buying pressure. It also recommends considering technical, market-flow, sentiment, and company factors together rather than treating the three signals as a complete investment case.

The document includes formula references and a Tushare/TA-Lib example, but the implementation differs from the described conditions: it tests a weekly MACD crossover, approximates range using weekly data, restricts the universe to codes beginning with 60, and uses volume fields as a proxy for the stated ratio. It provides no historical performance evidence and acknowledges that business quality, earnings, and financial condition are not captured. Market volatility remains an unmodeled risk; the article advises broader screening and risk controls.

Key ideas

• The proposed screen combines daily range, positive weekly MACD, and a buy-side to sell-side volume ratio above 1.3.
• The filters aim to capture trend and buying pressure in Chinese equities.
• The sample implementation only approximates the described criteria and narrows the stock universe.
• The article gives no backtest or performance evidence and omits fundamental analysis.
• It recommends combining additional factors with risk controls.

Tags

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