Hi everyone,
I’m sharing this strategy I’ve been working on recently. It’s a breakout / explosive momentum designed for the Nasdaq working on H1 & H4.
Easy and straightforward strategy, can also be converted to an indicator and well adapted to stocks!
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//------------------------------------------// // Impulse Momentum Strategy - Nasdaq - Thibauld Robin //------------------------------------------// // Base momLen = 13 volLen = 21 atrLen = 14 // MAs fastMA = AVERAGE[9](CLOSE) slowMA = AVERAGE[21](CLOSE) // Momentum Components priceMom = (CLOSE - CLOSE[momLen]) / CLOSE[momLen] * 100 volMom = (VOLUME - VOLUME[momLen]) / VOLUME[momLen] * 100 // Directional Movement dmPos = HIGH - HIGH[1] IF dmPos <= 0 THEN dmPos = 0 ENDIF dmNeg = LOW[1] - LOW IF dmNeg <= 0 THEN dmNeg = 0 ENDIF dmFilter = 0 IF dmPos > dmNeg AND dmPos > 0 THEN dmFilter = 1 ENDIF // Volatility atr = AVERAGETRUERANGE[atrLen](CLOSE) volRatio = VOLUME / AVERAGE[volLen](VOLUME) // Impulse Detection impulseUp = (CLOSE - CLOSE[3]) / (HIGHEST[3](HIGH) - LOWEST[3](LOW)) * 100 impulsePower = (HIGH - LOW) / AVERAGE[5](HIGH - LOW) // Normalized Components normMom = (priceMom - LOWEST[momLen](priceMom)) / (HIGHEST[momLen](priceMom) - LOWEST[momLen](priceMom)) normImpulse = (impulseUp - LOWEST[momLen](impulseUp)) / (HIGHEST[momLen](impulseUp) - LOWEST[momLen](impulseUp)) // Composite Impulse Signal signal = (normMom * 2 + normImpulse * 3) / 5 signalMA = AVERAGE[8](signal) ONCE pos = 0 // Entry IF signal > signalMA AND signal > 0.7 AND volRatio > 1.2 AND impulsePower > 1.8 AND dmFilter = 1 AND fastMA > slowMA AND pos = 0 THEN BUY 1 CONTRACTS AT MARKET SET STOP %LOSS 1 pos = 1 ENDIF //Exit IF pos = 1 AND (signal < signalMA OR CLOSE < fastMA) THEN SELL AT MARKET pos = 0 ENDIF |
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