Stock Screening with Weekly MACD, Price Range, and Order-Book Volume

Summary

This note describes a stock screen combining daily amplitude above a stated threshold, a positive weekly MACD signal, and first-level buy volume greater than sell volume. It presents the buy-versus-sell volume condition as a way to gauge near-term trading pressure, while the weekly indicator adds a trend filter. The article also sketches implementations for a Chinese stock-screening platform and Python, but supplies no performance results or historical test evidence.

The screen is explicitly partial: it does not assess company fundamentals or other possible drivers, and the article cautions that selected stocks may not suit an investor or may have weak profitability. It suggests adding fundamental, technical, or sector information. The code examples appear incomplete or inconsistent in places, including a reference to daily data that is not shown as initialized, so the stated conditions should be verified before use. The method is a candidate-selection rule, not a demonstrated trading strategy.

Key ideas

• The screen combines an amplitude threshold, a positive weekly MACD condition, and buy-one volume exceeding sell-one volume.
• The order-book volume comparison is intended to represent short-term buying and selling pressure.
• The article proposes adding fundamental, technical, or sector filters to broaden the screen.
• No backtest or evidence of trading performance is provided, and the code examples need validation.

Tags

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