Stock Screening with Intraday MACD, Turnover, and Relative Volume

Summary

This Chinese stock-screening note combines three ideas: rank stocks by volume ratio as a proxy for fund strength, require the previous day's adjusted turnover rate to exceed 8%, and look for a shortening MACD histogram on a 15-minute chart. It presents the volume-ratio ranking as a way to prioritize stronger trading activity and treats the shrinking negative MACD bars as a possible sign of improving short-term sentiment.

The note supplies qualitative rationale but no backtest, sample results, or evidence that these conditions predict returns. It cautions that high turnover may accompany volatile trading, that money-flow measures omit company and industry fundamentals, and that a contracting MACD histogram does not ensure a rise. Its final selection logic is incomplete: it mentions fundamentals and the MACD condition but does not restate a complete, executable rule. It suggests considering longer MACD periods and adding fundamental and industry information.

Key ideas

• The proposed screen ranks stocks by volume ratio and requires previous-day turnover above 8%.
• It uses a shortening negative MACD histogram on a 15-minute chart as a possible short-term improvement signal.
• The rationale is qualitative and the document reports no performance testing or results.
• High turnover, money-flow rankings, and MACD changes each have limitations and do not guarantee gains.
• The final selection description is incomplete and does not provide a full executable rule.

Tags

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