Stock Screening with Range, Moving Averages, and Auction Turnover

Summary

This Chinese-language post describes an equity screening rule that combines daily price amplitude, a short-term moving-average condition, and turnover during the previous day’s opening auction. Its stated thresholds are amplitude above 1 and auction turnover above 0.26; the moving-average condition is presented as evidence of upward short-term movement. The post also supplies a formula reference and a Python example, though the example’s data handling and moving-average comparisons may not implement the prose exactly.

The rationale is that price movement and auction turnover may help identify active stocks with near-term upward momentum. No backtest, sample, or measured performance is provided, so the claimed interpretation of auction turnover as evidence of large capital buying is not demonstrated. The author cautions that high turnover does not ensure future gains and that the screen omits company fundamentals. Combining fundamental measures with other indicators is suggested, but no evaluation of those additions is shown.

Key ideas

• The screen combines price amplitude, a short-term moving-average relationship, and prior-day opening-auction turnover.
• The stated amplitude threshold is above 1, and the auction turnover threshold is above 0.26.
• The post interprets the conditions as signs of volatility, short-term strength, and buying interest.
• It provides formula and Python references, but the example may not match the described logic precisely.
• The screen is untested in the document, excludes fundamentals, and does not establish future performance.

Tags

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