Stock Screening with Positive MACD, Positive P/E, and Buy-Side Volume

Summary

This Chinese-language post proposes a stock screen using three conditions: MACD above zero, a positive price-to-earnings ratio, and first-level buy volume greater than first-level sell volume. It interprets the MACD condition as an uptrend filter, positive P/E as a basic valuation sanity check, and the volume imbalance as a sign of stronger immediate buying interest. The post also suggests ranking qualifying stocks by a capital-flow measure.

It provides indicator and screening formula references, along with illustrative Python-style selection and ranking logic. No backtest, return series, benchmark, or evidence of predictive performance is reported. The author warns that the approach may overemphasize short-term price action, that displayed bid and ask quantities can change quickly, and that selected stocks can still fall sharply. Suggested safeguards include adding fundamental criteria, limiting the number of holdings, and diversifying; these additions are recommendations rather than tested improvements.

Key ideas

• The screen requires MACD above zero, positive P/E, and first-level buy volume exceeding sell volume.
• The post treats the MACD condition as an upward-trend filter and the volume imbalance as buying interest.
• Qualifying stocks may be ranked using a capital-flow ratio.
• The post reports no performance test, so it does not establish that the screen predicts returns.
• Rapidly changing order book quantities and sharp price declines are identified as risks.

Tags

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