Stock Screening with Opening-Auction Gains and 15-Minute MACD

Summary

This proposed short-term stock screen combines a price-range threshold, an opening-auction gain below six percent, and a 15-minute MACD condition described as a shortening negative histogram. The article presents these filters as a way to combine volatility, early-session price movement, and short-term momentum. It includes sample indicator logic and a Python outline for gathering stock and intraday data.

The document does not report backtest results or establish that the screen has predictive value. It warns that the method omits longer-term trends and company fundamentals, and that relying mainly on MACD can distort selection. The article recommends considering valuation, earnings, sector conditions, and other indicators, but does not test those additions. The code examples also use differing interpretations of range and MACD changes, so the operational definitions would need review before research or deployment.

Key ideas

• The screen requires a range above its threshold and an opening-auction gain below six percent.
• It adds a 15-minute MACD condition intended to capture a contracting negative histogram.
• The article identifies missing fundamental and longer-term trend filters as limitations.
• No backtest or trading results are presented.

Tags

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