Weekly MACD and 30-Week Moving Average Stock Screen

Summary

This note describes a stock-selection screen combining daily range with weekly trend conditions. It seeks stocks whose intraday high-low range exceeds one percent, whose weekly MACD is above its signal line and above zero, and whose weekly close crosses above its 30-week moving average. The document explains these filters as signs of market activity and strengthening buying pressure, and gives indicator and data-library examples for expressing the conditions.

The note offers no backtest, performance figures, or comparison with alternative screens, so it does not establish that the signals predict gains. It also acknowledges that the rules omit company fundamentals and can be exposed to unpredictable market swings. The implementation examples may not align perfectly: the written rules use weekly MACD and a weekly moving-average cross, while the Python sample includes daily calculations and describes its conditions differently. The author suggests adding fundamental, sentiment, and market context, and applying risk controls such as stop-loss rules; those additions are recommendations rather than tested parts of the screen.

Key ideas

• The screen combines an intraday range threshold with weekly MACD and moving-average conditions.
• It treats MACD above zero and a close crossing the 30-week average as indicators of positive trend pressure.
• The document provides formula and data-fetching examples, but reports no performance test.
• Fundamental information and risk controls are identified as missing considerations.
• The code example does not consistently reproduce the stated weekly screening logic.

Tags

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