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 53 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).

Filters

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

@ 4 h

3.34

Risk Reward

3,983.26 %

Total ROI

147

Intel Corporation (INTC)

+ TASC 2024.01 Gap Momentum System

@ 4 h

2.08

Risk Reward

1,228.68 %

Total ROI

450

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

IREN LIMITED (IREN)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.62

Risk Reward

910.81 %

Total ROI

117

Micron Technology, Inc. (MU)

+ TASC 2024.01 Gap Momentum System

@ 1 h

1.61

Risk Reward

5,191.25 %

Total ROI

723

Zscaler, Inc. (ZS)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.49

Risk Reward

1,485.60 %

Total ROI

165

Exxon Mobil Corporation (XOM)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.45

Risk Reward

701.22 %

Total ROI

549

Chevron Corporation (CVX)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.41

Risk Reward

562.32 %

Total ROI

506

Pacific Gas & Electric Co. (PCG)

+ TASC 2024.01 Gap Momentum System

@ 4 h

1.38

Risk Reward

727.71 %

Total ROI

522

Coca-Cola Company (The) (KO)

+ TASC 2024.01 Gap Momentum System

@ 1 h

1.34

Risk Reward

157.88 %

Total ROI

796

Uber Technologies, Inc. (UBER)

+ TASC 2024.01 Gap Momentum System

@ 1 h

1.34

Risk Reward

252.21 %

Total ROI

196

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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

+517%

Avg net profit

+15%

Avg annualized return

56%

Avg max drawdown

0.12

Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 347% 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	+244%	—	0.14
Stocks	723	1.3	+587%	48%	0.12
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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