Stock Portfolio Organizer
The ultimate porfolio management solution.
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Modified Triple Momentum Strategy for Amibroker (AFL)
Triple Momentum Strategy is from Gerald Appel, introduced in his 2005 book, “Technical Analysis: Power Tools for Active Investors.” It’s included on pages 58-63 of his book. That section is headed, “The Triple Momentum Nasdaq Index Trading Model.” Gerald Appel, is also probably best known for his creation – Moving Average Convergence Divergence (MACD).
Mr. Appel’s Says, “There is only one buy rule and only one sell rule: You buy when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from below to above 4%. You sell when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from above to below 4%.“
Here is a slightly modified Triple Momentum Strategy which works good with Equities and Commodities for Positional Trading and one can consider this as a low risk strategy.
Screenshots
Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 | _SECTION_BEGIN("Appel's ROC");SetBarsRequired(100000,0);GraphXSpace = 15;SetChartOptions(0,chartShowArrows|chartShowDates);SetChartBkColor(ParamColor("bkcolor",ColorRGB(0,0, 0)));GfxSetBkMode(0); GfxSetOverlayMode(1);SetBarFillColor(IIf(C>O,ParamColor("Candle UP Color", colorGreen),IIf(C<=O,ParamColor("Candle Down Color", colorRed),colorLightGrey)));Plot(C,"\nPrice",IIf(C>O,ParamColor("Wick UP Color", colorDarkGreen),IIf(C<=O,ParamColor("Wick Down Color", colorDarkRed),colorLightGrey)),64,0,0,0,0);SetPositionSize(2,spsShares);x = ROC (C, 5);y = ROC (C, 15);z = ROC (C, 25);A = x + y + z;Buy = Cross (A,4);Sell = Cross (-1,A);Buy=ExRem(Buy,Sell);Sell=ExRem(Sell,Buy);Filter = Buy OR Sell;AddColumn( Buy, "Buy", 1);AddColumn(Sell, "Sell", 1);AddColumn(Close,"Close",1.2);AddColumn(Volume,"Volume",1.0);PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorGreen, 0, L, Offset=-40);PlotShapes(IIf(Buy, shapeSquare, shapeNone),colorLime, 0,L, Offset=-50); PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorWhite, 0,L, Offset=-45); PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorRed, 0, H, Offset=40);PlotShapes(IIf(Sell, shapeSquare, shapeNone),colorOrange, 0,H, Offset=50); PlotShapes(IIf(Sell, shapeDownArrow, shapeNone),colorWhite, 0,H, Offset=-45);_SECTION_END();_SECTION_BEGIN("Triple Momentum Indicator");SetBarsRequired(100000,0);GraphXSpace = 15;SetChartOptions(0,chartShowArrows|chartShowDates);SetChartBkColor(ParamColor("bkcolor",ColorRGB(0,0, 0)));GfxSetBkMode(0); GfxSetOverlayMode(1);SetBarFillColor(IIf(C>O,ParamColor("Candle UP Color", colorGreen),IIf(C<=O,ParamColor("Candle Down Color", colorRed),colorLightGrey)));//Plot(C,"\nPrice",IIf(C>O,ParamColor("Wick UP Color", colorDarkGreen),IIf(C<=O,ParamColor("Wick Down Color", colorDarkRed),colorLightGrey)),64,0,0,0,0);x = ROC (C, 5);y = ROC (C, 15);z = ROC (C, 25);A = x + y + z;Plot (A, "Triple Momentum", colorRed);Plot (4, "", colorGreen, styleNoLabel, styleDashed);Plot (-1, "", colorRed, styleNoLabel, styleDashed);Buy = Cross (A,4);Sell = Cross (4,A);Filter = Buy OR Sell;AddColumn( Buy, "Buy", 1);AddColumn(Sell, "Sell", 1);AddColumn(Close,"Close",1.2);AddColumn(Volume,"Volume",1.0);_SECTION_END(); |
0 comments
Leave Comment
Please login here to leave a comment.
Back