Modified Triple Momentum Strategy – Amibroker AFL

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Modified Triple Momentum Strategy – Amibroker AFL

Modified Triple Momentum StrategyAmibroker AFL code From source  

Triple Momentum Strategy is from Gerald Appel, introduced in his 2005 book, “Technical Analysis: Power Tools for Active Investors.” It’s included on pages 58-63 of his book. That section is headed, “The Triple Momentum Nasdaq Index Trading Model.” Gerald Appel, is also probably best known for his creation – Moving Average Convergence Divergence (MACD).

Mr. Appel’s Says, “There is only one buy rule and only one sell rule: You buy when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from below to above 4%. You sell when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from above to below 4%.“

Here is a slightly modified Triple Momentum Strategy which works good with Equities and Commodities for Positional Trading and one can consider this as a low risk strategy.

Steps to Install the Indicator

1)Download Triple Momentum Timing Model
2)Unzip the files Triple Momentum Timing Model.afl and Triple Momentum Indicator.afl to //amibroker//formulas//system// folder
3)Apply both the indicators to the New Blank charts

Download Modified Triple Momentum Strategy – Amibroker AFL

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