Stock Screening with Intraday and Weekly MACD Momentum Signals

Summary

This document presents an equity screening rule that combines daily price range with MACD histogram behavior on two time scales. It seeks stocks whose amplitude exceeds a threshold, whose 15-minute MACD histogram is negative but contracting, and whose weekly histogram is positive and rising. The proposed interpretation is that the screen may find volatile stocks showing a possible short-term turn while retaining a broader upward bias.

The article includes indicator formula examples and a Python-style screening workflow, but it supplies no backtest, performance results, or validation of the signal logic. It warns that a positive weekly MACD reading can accompany only a temporary rebound and that a large range does not establish investment quality. It suggests adding fundamental or valuation filters and controlling sector and single-stock concentration. The conditions may need adjustment by market and industry; the description is therefore a screening hypothesis rather than evidence of a profitable strategy.

Key ideas

• The screen combines a price-range threshold with 15-minute and weekly MACD histogram conditions.
• A shrinking negative intraday histogram is treated as a possible near-term change in direction.
• A rising positive weekly histogram is used as a broader trend filter, but does not ensure future gains.
• The document suggests adding valuation or fundamental screens and managing sector and stock concentration.
• No backtest or measured performance is provided, so the proposed signal remains unvalidated.

Tags

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