Gerald Appel’s Triple Momentum Signal
Gerald Appel, is probably best known for his creation MACD – Moving Average Convergence Divergence. However, he also is credited with the creating the Triple Momentum Signal (Below).
Mr. Appel advice is, “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%.“
If members are interested, it might make an interesting screen [Email me if interested]. Here is the Triple Momentum Screen against the 30 Dow Industrial Stocks.
