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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.

Bloom Energy Corporation (BE)

+ TASC 2024.01 Gap Momentum System

@ 4 h

2.68

Profit Factor

3,564.01 %

Total ROI

148

Intel Corporation (INTC)

+ TASC 2024.01 Gap Momentum System

@ 4 h

2.02

Profit Factor

1,194.67 %

Total ROI

451

CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN F...)

+ TASC 2024.01 Gap Momentum System

@ DailyTradeSearcher backtest

1.97

Profit Factor

67.56 %

Total ROI

43

NextEra Energy, Inc. (NEE)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.78

Profit Factor

1,897.13 %

Total ROI

502

Micron Technology, Inc. (MU)

+ TASC 2024.01 Gap Momentum System

@ 1 h

1.57

Profit Factor

4,943.67 %

Total ROI

724

Rocket Lab Corporation (RKLB)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.56

Profit Factor

715.66 %

Total ROI

117

Zscaler, Inc. (ZS)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.46

Profit Factor

1,441.64 %

Total ROI

168

Exxon Mobil Corporation (XOM)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.45

Profit Factor

701.22 %

Total ROI

549

Chevron Corporation (CVX)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.41

Profit Factor

562.32 %

Total ROI

506

Pacific Gas & Electric Co. (PCG)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.38

Profit Factor

727.71 %

Total ROI

522

Coca-Cola Company (The) (KO)

+ TASC 2024.01 Gap Momentum System

@ 1 h

1.36

Profit Factor

166.03 %

Total ROI

797

Uber Technologies, Inc. (UBER)

+ TASC 2024.01 Gap Momentum System

@ 1 h

1.34

Profit Factor

252.21 %

Total ROI

196

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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.

63
Backtests run
1.2
Avg profit factor
+420%
Avg net profit
+17%
Avg annualized return
51%
Avg max drawdown
0.14
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 296% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Crypto531.1+235%—0.14
Stocks7231.3+566%49%0.12
Forex671.1+10%18%0.05

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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