Impulse Momentum Strategy For The Nasdaq H1 & H4

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!

//------------------------------------------//
// 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

//------------------------------------------//

// 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

momentum nasdaq NQ

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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tatankayotanka As you can do to set a marker directly in the price property page and then view it such as m...

Nicolas It may be a good idea to discuss this in the forum instead. Please open a new topic in probu...

Wester Hi, is this more or less the same as the TTM Squeeze indicator (john carter)

rpreviteri Hi Nicolas, thanks a loto for sharing your knowliedge, Wasn't the original momentum pinball...

air Thank you!

elanoa Buonasera sig. Nicolas......sarebbe possibile far in modo che quando l'indicatore raggiunga ...

Doctrading I forgot to write at the beginning : a = 50 b = 50 These are intermediate levels Sorry

DerPat Thank you. This one could be an aid in my current research on stochastics.

Pelayo it is possible that in line 12 we should put seuilinf=-b, thaks for all

lglmrc Can't make it work, says: "Define p variable"

Ezio Hi Xel and thanks, do you know if there is a way in PRC of reading/counting intraday ticks?...

inadis ive just discovered this, i must say very nice thanks.

phili711 Bonjour Si la moyenne 100 est au dessus de la moyenne 20 le trend est baissier zlors pourqu...

Nicolas La comparaison se fait entre la valeur de la moyenne actuelle et telle qu'elle était il y a ...

Thomas007 we should definitely open a new thread for intraday trading - can we post the link once it's...

Vicari0us Really liking this indicator. Thanks

SB-FO Moving your last response to this post. Thanks for conforming the code below. How does PRT/...

Nicolas It is obtained by substracting the x days before Close from today’s Close. X is the paramete...

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