Skip to content
All library documents

Stock Screening with Positive Daily and Weekly MACD

Article SuperMind
Read the original

Summary

This screen selects stocks with daily amplitude above 1, a daily MACD reading above zero, and weekly MACD above zero. The document interprets the daily and weekly conditions as signs of upward momentum across short and longer horizons. It includes formula and Python examples, but does not provide a backtest, sample description, or evidence that the combination predicts returns.

The screen does not account for fundamentals, sector context, or other market information, and relies heavily on MACD. The document suggests adding company and industry analysis, market sentiment or capital-flow measures, and complementary indicators such as KDJ or RSI. Those ideas are not validated in the text. The signal should therefore be understood as a technical filter rather than a complete investment process, and the source's example implementation does not establish that the calculations are suitable for live use.

Key ideas

  • The screen combines amplitude above 1 with daily and weekly MACD readings above zero.
  • The weekly condition is intended to align stock selection with a longer-horizon trend.
  • The document supplies formula and code examples but no performance results.
  • Fundamentals, industry context, and additional market signals are cited as omitted factors.

Tags

EquitiesTechnical indicatorsMomentum

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