Stock Screening with Turnover, Multiple Golden Crosses, and Weekly Trend

Summary

This article outlines a stock-selection rule combining amplitude above 1, three technical indicators crossing upward together, and a weekly close moving above a 30-week moving average. It presents these conditions as a way to combine price movement, buy signals, and a longer-term trend. The accompanying example describes moving-average comparisons and provides a code reference, though the implementation details do not consistently match the written rule.

The article offers no performance tests or results to establish whether the screen is profitable. It warns that short-term amplitude and indicator signals can be temporary, and that the selection omits company fundamentals and industry prospects. It suggests adding fundamental and trend measures, then selecting a fixed number of stocks. These are general suggestions rather than a validated optimization; readers would need to define the indicators precisely and test the full rule against appropriate historical data and trading costs.

Key ideas

• The proposed screen combines amplitude, simultaneous upward technical signals, and a weekly trend filter.
• The article characterizes amplitude and indicator crosses as measures of movement and potential entry conditions.
• It identifies missing company fundamentals and industry outlook as limitations.
• It provides example formulas and code, but the implementation does not fully align with the stated screening rule.
• No backtest evidence is provided to show that the strategy performs well.

Tags

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