Stock Screening with Intraday Range, Large-Order Flows, and Moving Averages

Summary

This Chinese equity screening approach combines three conditions: price amplitude above 1%, afternoon large-order net inflow, and the 20-day moving average above the 120-day moving average. The article interprets the shorter average as more responsive to near-term movement and the longer average as a broader trend measure. It treats wider price movement as a sign of changing market sentiment and afternoon order flows as an indication of buying or selling demand.

The document supplies formula and code examples, but no backtest or measured results to show that the screen has an edge. It warns that the rules focus on technical data and flow measures without accounting for company financials or macroeconomic conditions, so selected trends may not reflect underlying value or persist. It recommends adding fundamental and industry analysis and applying risk controls such as stop-loss and profit-taking rules. The stated flow formula and the code example may not capture all the details implied by the afternoon timing condition.

Key ideas

• The screen combines price amplitude, afternoon large-order net inflow, and a 20-day average above a 120-day average.
• The moving-average comparison is intended to select stocks with stronger shorter-term direction relative to a longer trend.
• Price amplitude and order flows are used as proxies for sentiment and trading demand.
• The article gives implementation examples but no empirical results or performance validation.
• It advises adding company and macro analysis and using risk controls.

Tags

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