Stock Screening with Price Range, MACD, and Trading-Flow Ratio

Summary

The document proposes screening stocks for a daily price range above a stated threshold, MACD above its zero line, and a ratio of outside-market to inside-market trading volume above 1.3. It interprets the range and MACD requirements as technical filters and the volume ratio as a sign of stronger buying activity. It also gives example formulas and sample data-filtering logic, although the code does not implement the MACD condition and uses open price in its range calculation while the formula uses the previous close.

The author notes that the screen relies on a narrow set of factors and may miss other influences on price. Suggested improvements include incorporating company finances and industry prospects, then weighting the factors. No historical test, trading rules, or performance results are included, so the proposed filters should be understood as a selection concept rather than a validated strategy.

Key ideas

• The screen combines a price-range threshold, positive MACD positioning, and an outside-to-inside volume ratio above 1.3.
• The document treats the volume ratio as an indication of buying pressure.
• The sample code omits MACD and calculates the price range differently from the stated formula.
• The author recommends adding financial and industry information and combining factors with weights.

Tags

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