Weekly MACD and Two-Day High Stock Screening Rules

Summary

This stock-screening note combines daily amplitude above a threshold, weekly MACD above zero, and a current high that is the highest of the latest two days. It frames the conditions as a technical filter intended to find volatile stocks with positive momentum and a recent high. The document also supplies indicator formula and Python examples for applying related filters to Chinese equities.

The note warns that the screen relies heavily on technical signals, may omit fundamental and industry context, and could return few candidates if its conditions are restrictive. It recommends combining the technical rules with company fundamentals and broader market considerations. The examples do not fully match the stated weekly MACD condition: the Python sketch calculates MACD from daily closes and includes other implementation details that are not clearly reconciled with the prose. No backtest, performance figures, or proof of predictive value are presented, so the screen is an unvalidated starting point rather than an established strategy.

Key ideas

• The screen combines daily amplitude, weekly MACD above zero, and a two-day high condition.
• The author interprets these filters as identifying volatility and positive price momentum.
• The note cautions that technical-only selection can overlook fundamentals and industry trends.
• Strict conditions may leave too few securities for practical use.
• The implementation example differs from the stated weekly indicator rule and should be checked before use.

Tags

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