Stock Screening with Turnover, a 10-Day Average, and 15-Minute MACD

Summary

This stock-screening rule combines daily turnover, the opening price relative to a 10-day moving average, and a 15-minute MACD histogram signal. It selects stocks with turnover between 3% and 12%, an open within 5% of the average, and a shortening negative MACD histogram. The article includes formula and Python examples, though their MACD expressions may not map identically to the stated histogram condition.

The author cautions that a short-interval MACD signal can be noisy and that relying on it alone may miss other technical or fundamental information. Suggested refinements include adding indicators such as RSI or KDJ and treating histogram contraction as one filter among several. No backtest results or performance evidence are provided, so the rules should be understood as a proposed screening method rather than a demonstrated trading strategy.

Key ideas

• The screen requires turnover between 3% and 12%.\nThe opening price must be within 5% of the 10-day average closing price.\nA shortening negative MACD histogram on a 15-minute interval is used as a potential buy signal.\nThe article warns that short-term MACD fluctuations and omitted indicators can weaken the signal.\nIt provides example formulas but no reported performance test.

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