Stock Screening with Weekly MACD, Shortening 15-Minute Bars, and Money Flow

Summary

This stock screen combines three signals: rank stocks by money-flow strength, require weekly MACD to be above zero, and look for shrinking negative MACD histogram bars on a 15-minute chart. The weekly condition is intended to favor stocks in an established upward trend, while the intraday pattern is presented as a potential buy signal. Ranking by money flow adds a measure of recent trading interest.

The document describes the rationale and mentions market sentiment as an additional screening input, but gives no backtest, performance figures, or precise definitions for money-flow strength and the MACD settings. It cautions that technical indicators can be affected by changing market sentiment and may lose effectiveness. The example code is largely placeholder material, so it does not provide a complete implementation. The method is therefore a basic screening concept rather than evidence of a tested trading strategy.

Key ideas

• The screen ranks stocks by money-flow strength.
• It requires weekly MACD to remain above zero as a trend filter.
• Shortening negative MACD histogram bars on a 15-minute chart are treated as a potential entry signal.
• The document warns that indicator signals can weaken or be disrupted by shifts in market sentiment.
• The example code is incomplete and provides no measured strategy results.

Tags

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