Stock Screening with High Amplitude, Convertible Bonds, and Weekly MACD

Summary

This post describes a stock screen using three stated conditions: amplitude above one, a nonempty outstanding convertible-bond short name, and weekly MACD above zero. It interprets amplitude as a measure of price fluctuation, the bond field as a sign of company strength, and positive weekly MACD as an upward trend indication. The post includes a formula reference and a Python example that also applies liquidity-related and market-data checks while selecting listed shares.

The author cautions that the screen does not fully account for fundamentals or market conditions, that volatile stocks can carry greater risk, and that MACD can lag or misclassify trends. Valuation, growth, profitability, market context, or other technical indicators are suggested as possible additions. No backtest results or evidence of predictive performance are presented, so the criteria and code should be treated as a screening proposal rather than an established strategy.

Key ideas

• The stated screen combines amplitude above one, an outstanding convertible-bond name, and weekly MACD above zero.
• The post interprets positive weekly MACD as an indication of an upward price trend.
• Its Python example includes additional trading activity and market-data checks.
• The author flags volatility and MACD lag as sources of risk.
• Fundamental and market filters are suggested, but no performance results are given.

Tags

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