Screening Stocks with Weekly MACD, Daily Range, and Listing Exclusions

Summary

This stock-selection note proposes screening for shares with a daily high-low range above 1% of the prior close, a weekly MACD above its zero line, and exclusion of the STAR Market. The intended combination uses recent price movement and a longer-horizon trend signal, while the listing filter narrows the eligible universe. It includes example indicator logic and a data workflow, but the examples are not a validated trading system and do not establish that the criteria predict returns.

The document identifies important omissions: it relies on technical signals without valuation, company fundamentals, capital flows, or adequate liquidity checks. It also acknowledges that excluding a market segment can discard otherwise suitable stocks, and that signal usefulness may vary by market or sector. It recommends adding broader information and adapting filters to the investment context. No backtest results, transaction-cost analysis, or risk-adjusted performance evidence are provided, so the rules should be treated as a hypothesis to test rather than a demonstrated strategy.

Key ideas

• The proposed screen combines a daily range threshold with weekly MACD strength and a market-segment exclusion.
• The note provides example calculation logic but no performance test.
• Technical-only screening omits fundamentals, capital flows, and liquidity considerations.
• Market exclusions may remove candidates that otherwise satisfy the technical conditions.

Tags

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