Stock Screening with Daily Range, Five-Day Average, and 15-Minute MACD

Summary

This stock screening method combines three conditions: a daily price range threshold, the closing price above its five-day moving average, and a shrinking negative MACD histogram on a 15-minute chart. The document interprets the range as a sign of price activity, the moving-average condition as relative strength, and the contracting histogram as potentially weakening downward momentum. Together, these conditions are intended to find stocks that may be turning upward.

The article includes example screening logic and code references, but it reports no backtest, trade sample, or performance evidence. Its explanations are hypotheses about indicator behavior, not proof of predictive power. It also warns that prices may keep falling without a reversal and suggests assessing MACD signals alongside other indicators. The examples use different threshold representations across platforms, so implementation details and data alignment need care; the screening rules alone do not specify position sizing, exits, or a complete risk plan.

Key ideas

• The screen requires a daily price range above its stated threshold and price above the five-day moving average.
• A shrinking negative MACD histogram on a 15-minute chart is treated as possible evidence of easing downside momentum.
• The three conditions are presented as a candidate reversal screen rather than a complete trading system.
• The document gives no performance results and cautions that prices may continue falling.

Tags

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