Selecting Chinese Stocks by Auction Value, Amplitude, and MACD

Summary

This Chinese stock screening proposal combines three filters: amplitude above 1, a top-five rank by the day’s auction amount, and MACD above zero. The post describes the positive MACD condition as a way to focus on stocks with an upward technical bias, while the amplitude and auction ranking select for price movement and premarket trading interest. It includes example indicator expressions and Python-style selection logic, but these references are illustrative rather than a fully specified or validated implementation.

The author cautions that technical indicators can miss company fundamentals and that favorable chart conditions do not prevent instability caused by business or other fundamental factors. Suggested refinements include evaluating valuation measures, industry policy, and company performance alongside the screen. No backtest results, performance figures, or evidence of predictive value are provided, so the selection criteria should be understood as a proposed screening rule rather than an established strategy.

Key ideas

• The screen requires amplitude above 1 and MACD above zero.
• It selects the five stocks with the highest auction amounts for the day.
• The post presents the positive MACD reading as an upward technical condition.
• It recommends considering company fundamentals and industry context alongside technical filters.
• The document provides no performance evidence for the proposed screen.

Tags

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