Stock Screening with Range, Weekly MACD, and Rising Lows

Summary

This post describes a stock screen using three conditions: daily amplitude above 1, a positive weekly MACD histogram, and a rising-bottom pattern. It offers example formulas and Python code that scan listed stocks, evaluate daily amplitude and weekly MACD, and compare recent lows as a proxy for a higher bottom. The author presents the combination as a way to consider both short- and longer-term price behavior.

The post acknowledges that bottom patterns can be misidentified and that broad market volatility can undermine the screen. It suggests adding moving averages or other pattern filters and adjusting selections in volatile periods, but provides no tested refinements. The examples are described as partial references and do not establish how the rules perform; there are no reported backtests, benchmarks, transaction costs, or risk statistics. The screening conditions therefore remain a technical hypothesis rather than demonstrated evidence of predictive value.

Key ideas

• The screen combines daily amplitude, a positive weekly MACD histogram, and a rising-bottom pattern.
• The code examples compare recent lows to approximate whether the price base is rising.
• The post warns that bottom formations can be misclassified and market volatility can affect results.
• It offers no performance evidence or risk statistics for the proposed rules.

Tags

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