Short-Term Stock Screening with MACD Histogram and Daily Gains

Summary

This screen selects main-board stocks using three conditions: amplitude above 1, a shortening negative MACD histogram on a 15-minute chart, and a daily gain above 1%. The rationale is that elevated movement may provide opportunity, a contracting negative histogram may signal a change in direction, and a positive daily move may reflect improving sentiment. The document also proposes sorting candidates by traded amount and gives illustrative platform formulas and a Python workflow.

The approach is presented as a short-term stock selection idea, not a tested strategy. It provides no performance results or evidence that the signals predict profitable trades. The Python example has potential implementation inconsistencies: it filters turnover ratio as a proxy for amplitude, uses sample intraday data for one stock, and joins on date, so it may not implement the stated screen reliably. The source itself notes exposure to other price drivers and the need for risk controls; adding indicators or machine learning is suggested but not evaluated.

Key ideas

• The screen combines a movement threshold, a contracting negative MACD histogram, and a positive daily return.
• The stated universe is main-board stocks, with candidates optionally ranked by traded amount.
• The document offers example formulas and code but does not validate their accuracy or trading performance.
• The idea targets short-term opportunities and calls for risk controls and capital management.

Tags

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