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TASC 2024.01 Gap Momentum System

Script from: TradingViewSwingMomentumTrend followingVolume

The TASC 2024.01 Gap Momentum System uses opening gap data to create a momentum strategy, described by Perry J. Kaufman. It calculates Gap Momentum similarly to On-Balance Volume, using gap openings with a simple moving average to smooth the data. Enter a long position when the signal line rises and exit when it falls. This method leverages positive and negative gap ratios for decision-making.

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Premium users can access all backtests with a Risk/Reward Ratio > 3

@ Daily

3.30

Risk Reward

1,516.22 %

Total ROI

73

Bloom Energy Corporation (BE)

+ TASC 2024.01 Gap Momentum System

@ 4 h

2.83

Risk Reward

3,109.54 %

Total ROI

144

Sandisk Corporation (SNDK)

+ TASC 2024.01 Gap Momentum System

@ 2 h

2.15

Risk Reward

720.39 %

Total ROI

41

Intel Corporation (INTC)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.88

Risk Reward

1,034.60 %

Total ROI

472

NextEra Energy, Inc. (NEE)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.87

Risk Reward

1,971.02 %

Total ROI

498

Micron Technology, Inc. (MU)

+ TASC 2024.01 Gap Momentum System

@ 1 h

1.67

Risk Reward

5,229.70 %

Total ROI

711

Rocket Lab Corporation (RKLB)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.64

Risk Reward

775.96 %

Total ROI

116

IREN LIMITED (IREN)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.59

Risk Reward

858.28 %

Total ROI

115

Exxon Mobil Corporation (XOM)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.45

Risk Reward

691.09 %

Total ROI

547

Chevron Corporation (CVX)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.42

Risk Reward

578.79 %

Total ROI

505

Zscaler, Inc. (ZS)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.42

Risk Reward

1,251.70 %

Total ROI

162

Pacific Gas & Electric Co. (PCG)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.38

Risk Reward

727.71 %

Total ROI

522

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Active Trades

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TASC 2024.01 Gap Momentum System backtest statistics

Aggregated across every validated backtest TradeSearcher has run on this strategy. Figures update automatically as new backtests are added — they are not edited by hand. Classified as swing by holding period.

59
Backtests run
1.3
Avg profit factor
+496%
Avg net profit
+21%
Avg annualized return
56%
Avg max drawdown
0.14
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 283% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Crypto541.0+203%0.14
Stocks7181.4+570%48%0.13
Forex6720%

Backtests use the validated-universe filter: non-repainting scripts, over 15 trades, non-excluded. Per-market rows appear only when at least one backtest exists for that asset class.

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