Stock Screening with Amplitude, Turnover, and Positive MACD

Summary

This Chinese-language note describes a stock screen based on daily price amplitude above 1%, trading value above 60 million on the previous day, and a positive daily MACD. It presents amplitude and turnover as ways to find active stocks, while MACD is used as a directional filter. The article also sketches indicator calculations and combines the three conditions into a single selection rule.

The author cautions that short-term technical measures do not assess company fundamentals and that volatile markets can make the screen risky. The text suggests adding fundamental measures and other technical indicators, but provides no defined entry or exit rules, portfolio sizing, or risk controls. It mentions a final screen that includes added fundamental and technical conditions without specifying those conditions. No backtest results or evidence are reported, so the screen should be understood as a proposed filter rather than a demonstrated low-risk strategy.

Key ideas

• The screen selects stocks with daily amplitude above 1%, previous-day turnover above 60 million, and positive daily MACD.
• Amplitude and turnover are intended to identify active stocks, while MACD provides a directional filter.
• The article recognizes that technical signals alone omit fundamental information and remain exposed to market volatility.
• It proposes adding fundamental and additional technical measures but does not define those conditions or present performance evidence.

Tags

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