eddyadiel
18 posts
msg #80962
- Ignore eddyadiel |
10/11/2009 11:46:20 AM
Does anyone has using "Triple Momentum" (explained by Gerald Appel in his book "Power Tools for Active Investors") indicator in your trading??? Please share your filter....'coz I don't know how to write the script for this indicator....
Triple Momentum --> Sum of 5-day %ROC, 15-day %ROC, 25-day %ROC
This indicator maintained as % changes, not as point changes.
Ex (from p.59 of his book):
If the closing price of the NASDAQ Composite today is 2000 and the closing level 10 days previous is 1900, the 10-day ROC would be +5.26% (2000-1900=100; 100/1900=0.526 or +5.26%)
The rules:
BUY : when the Triple Momentum level, the sum of the 5-15-25 day ROC, crosses from below to above 4%
SELL : when the Triple Momentum level, the sum of the 5-15-25 day ROC, crosses from above to below 4%
Tx
|