Simple momentum screen based on consistent short-term growth
This straightforward strategy identifies stocks showing consistent 2% growth over short rolling windows. It's transparent, easy to understand, and quick to backtest with different parameters.
Compute 5-day rolling percent change for each stock in your universe
Verify if the stock maintains 2% or higher growth for 2 consecutive weeks (10 trading sessions)
Eligible stocks become entry candidates, sized according to capital allocation rules
Use profit targets, stop losses, and maximum holding periods to control risk and lock in gains
Results vary significantly by stock universe. Test on your specific watchlist or sector focus.
Performance differs in trending vs. choppy markets. Compare against NIFTY TRI for context.
Short holding periods often trigger STCG. Model realistic tax assumptions in your backtests.
Experiment with different growth thresholds and time windows to find what works for your goals.
Run backtests with custom parameters, time periods, and tax assumptions to see if this approach fits your investment style
Try This Screen in StratLab