Weekly MACD and Stock Heat Ranking with a Positive Weekly Candle

Summary

This proposed Chinese equity screen selects stocks with MACD above its zero line, ranks them by a heat measure, and adds a positive weekly candle condition. It is intended to run after the weekly close. The document gives indicator formulas for MACD, a weekly candle filter, and a heat score derived from turnover-related data, along with a sample Python outline. It notes that the heat calculation must be implemented separately and that charting-platform weekly formulas may differ slightly.

The author describes the approach as more suitable for longer holding periods and says results may vary with market and sector direction; stable MACD readings may also produce inconsistent selections. Suggested refinements include adding momentum or relative-strength measures and analyzing short-term volatility. No backtest results or evidence of predictive performance are supplied, and the example code leaves important data fields and calculations undefined, so the screen is a conceptual template rather than a reproducible strategy.

Key ideas

• The proposed weekly screen requires MACD above zero and a positive weekly candle.
• Candidates are ranked using a stock heat measure derived from trading activity.
• The heat function is not fully implemented in the supplied Python outline.
• The author cautions that market and sector conditions can affect results and that short-term use may be unsuitable.
• The suggested indicators and ranking logic are not supported by reported backtests.

Tags

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