Weekly Trend Gates and Daily Structure for an ASX Momentum Strategy

Summary

The available script excerpt outlines an Australian equities momentum strategy organized into a weekly permission layer and a daily structure layer. The weekly gate requires price above its 30-week average, that average rising relative to four weeks earlier, and weekly RSI meeting a configurable minimum. The code requests completed weekly values, indicating an effort to avoid signals based on an unfinished weekly bar. The daily section defines moving averages, ATR, RSI and its signal average, and directional movement measures, alongside price-above-average and moving-average-flat checks.

Inputs also show that the larger system is intended to score setups, impose a minimum average daily turnover, avoid chasing price too far from an ATR reference, and size trades according to a stated risk percentage. However, the supplied text ends partway through the daily setup logic, so the actual entry trigger, exits, score composition, and complete position-sizing formula cannot be determined. It includes no strategy report or performance evidence. The excerpt therefore supports understanding the screening layers, but not judging results or reproducing the full system.

Key ideas

• The weekly gate requires price above a rising 30-week average and RSI above a configurable floor.
• The excerpt uses completed weekly values to reduce reliance on an unfinished weekly bar.
• Daily structure calculations include moving averages, ATR, RSI, and directional movement measures.
• Inputs indicate liquidity screening, setup scoring, anti-chase control, and risk-based sizing.
• The source is truncated before full entry and exit rules, and provides no performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.