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.

Top 56 Backtests of TASC 2024.01 Gap Momentum System

Explore the most profitable cryptocurrency and stock backtests with TASC 2024.01 Gap Momentum System Strategy (on TradingView).

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Bloom Energy Corporation (BE)

+ TASC 2024.01 Gap Momentum System

@ 4 h

2.89

Risk Reward

3,210.12 %

Total ROI

145

Sandisk Corporation (SNDK)

+ TASC 2024.01 Gap Momentum System

@ 2 h

2.19

Risk Reward

859.67 %

Total ROI

Intel Corporation (INTC)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.92

Risk Reward

1,055.40 %

Total ROI

449

NextEra Energy, Inc. (NEE)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.90

Risk Reward

2,032.87 %

Total ROI

499

Rocket Lab Corporation (RKLB)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.64

Risk Reward

775.96 %

Total ROI

116

Micron Technology, Inc. (MU)

+ TASC 2024.01 Gap Momentum System

@ 1 h

1.63

Risk Reward

5,105.62 %

Total ROI

717

IREN LIMITED (IREN)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.62

Risk Reward

910.81 %

Total ROI

117

Zscaler, Inc. (ZS)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.49

Risk Reward

1,473.75 %

Total ROI

164

Exxon Mobil Corporation (XOM)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.44

Risk Reward

692.41 %

Total ROI

547

Chevron Corporation (CVX)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.42

Risk Reward

578.79 %

Total ROI

505

Pacific Gas & Electric Co. (PCG)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.38

Risk Reward

727.71 %

Total ROI

522

Wells Fargo & Company (WFC)

+ TASC 2024.01 Gap Momentum System

@ 2 h

1.35

Risk Reward

780.10 %

Total ROI

561

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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.

Backtests run

1.3

Avg profit factor

+495%

Avg net profit

+21%

Avg annualized return

55%

Avg max drawdown

0.13

Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 276% over the same window.

Performance by asset class

Market	Backtests	Avg profit factor	Avg net profit	Avg max drawdown	Avg Sharpe
Crypto	53	1.1	+229%	—	0.14
Stocks	719	1.3	+558%	48%	0.13
Forex	67	—	—	20%	—

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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