Stock Screening with Intraday Range, a Fresh KDJ Crossover, and Positive MACD

Summary

This stock selection method combines three technical conditions: a daily high-to-low range above 1%, a newly formed KDJ crossover, and a nonnegative MACD value. The rationale is that a larger range may offer more opportunity, the crossover may signal improving short-term momentum, and positive MACD may indicate an upward trend. The document provides example implementations in indicator formula syntax and Python, with the Python example using stochastic and MACD calculations to screen stocks.

The article gives no backtest results or performance evidence. It cautions that volatile stocks can move sharply and recommends researching company and industry context, favoring stocks in clear uptrends, taking profits when trends turn, and diversifying positions. These suggestions are general; the document does not specify a holding period, exit rules, position sizing method, or how the indicator conditions were validated.

Key ideas

• The screen requires a daily high-to-low range above 1%.\nA newly formed KDJ crossover is used as a short-term momentum signal.\nThe MACD value must be at or above zero.\nThe article provides example implementations but no performance test results.\nIt recommends diversification, position control, and attention to trend reversals.

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