Stock Screening with Price Range, K-Line, and Turnover Filters

Summary

The document proposes a stock screen using daily price movement, a K-line threshold, and turnover as a proxy for trading activity. It describes the intended combination as seeking stocks with noticeable movement, an oversold reading, and moderate market participation. The post includes formula and Python examples, using a price range condition and a turnover band; however, the implementations do not consistently match the stated K-line threshold or the prose description of turnover. One formula refers to MACD rather than clearly implementing the named K-line condition.

The author cautions that indicator behavior can change with market conditions, industry effects are not addressed, and turnover alone does not fully describe liquidity. The document supplies no backtest, performance results, or evidence that the chosen thresholds are effective. It suggests adapting parameters and adding macroeconomic or industry research, but does not define a validated method for combining those inputs.

Key ideas

• The proposed screen combines a price range condition, a K-line threshold, and a turnover band.
• The post treats turnover as an indicator of market activity but notes that it does not fully measure liquidity.
• The formula and Python example do not consistently implement the screen as described in the prose.
• The document provides no backtest or evidence that its thresholds produce an advantage.

Tags

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