Stock Screen for Intraday Range, Prior Limit Status, and Concurrent Crossovers

Summary

This Chinese equity selection rule looks for stocks with a stated price range greater than one, that did not close at the daily price limit on the previous day, and that show simultaneous bullish technical crossovers. The formula reference mentions a short versus long simple moving average crossover and a MACD crossover; the Python example checks moving averages and MACD using historical prices.

The article presents the combination as a way to identify short-term trading candidates, while warning that technical filters omit company fundamentals and broader market risks. It recommends combining technical and fundamental analysis and defining exits and stop losses. The examples do not establish a consistent definition for every condition: the range threshold is not clearly specified in units, and the code’s historical high-low and close-low checks do not directly verify the stated prior-day limit condition. No backtest results or profitability evidence are supplied.

Key ideas

• The screen combines a range threshold, exclusion of stocks that hit the price limit the prior day, and simultaneous bullish crossovers.
• The cited indicators include a short and long moving-average crossover and MACD.
• The article recommends adding fundamental analysis and explicit exit and stop-loss rules.
• The code does not clearly implement every stated filter, and the source gives no performance evidence.

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