Price Legs: Time & Distance. Measuring moves in time & price-Tool to measure price legs in terms of both time and price; gives an idea of frequency of market movements and their typical extent and duration.
-Written for backtesting: seeing times of day where setups are most likely to unfold dynamically; getting an idea of typical and minimum sizes of small/large legs.
-Two sets of editable lookback numbers to measure both small and large legs independently.
-Works across timeframes and assets (units = mins/hours/days dependent on timeframe; units = '$' for indices & futures, 'pips' for FX).
~toggle on/off each set of bull/bear boxes.
~choose lookback/forward length for each set. Increase number for larger legs, decrease for smaller legs.
(for assets outside of the big Indices and FX, you may want to edit the multiplier, pMult, on lines 23-24)
small legs
large legs
Cari dalam skrip untuk "backtest"
Divergence BacktesterThere is n number of possible ways in which we can backtest divergence and this is just a start :)
In this script, we are trying to count how many times the pivots made HH, HL, LH, LL after a particular divergence state.
An example of using data is as below:
The script keeps track of each pivot sentiment and resulting next pivot state. As mentioned in the chart snapshot, we can look at two of the previous pivot states and collect stats on how each of these state impacted price action.
As mentioned before, this is just tip of iceberg. Further combinations for which we can do backtest are:
1. m X n combinations of last pivot and last to last pivot divergence state
2. divergence combined with double divergence state.
Only issue to explore further is lack of space on the chart as tables can take up huge space.
PS: As you can see based on historical stats, probability of divergence impacting the change of trend is very low in most cases.
Crodl Pump & DumpThe reason why this indicator is called Pump and Dump is because it is based on volume.
The indicator focuses on volume levels to see if there is an increase in volume before deciding if it is worth entering a Position.
Long example = This will use ATR and price averages to trend Bullish and once the trend favours the upside it will then look at the Volume candles and if a candle is bigger then the average volume and the trend (ATR) is above a certain level it will then Give us a long entry if those conditions are true. We can have more than one long after one another since it will give us a position every-time the conditions are true and after TP(take profit) 1 or a Stop Loss was hit.
Short example = If the trend based on average price is trending downwards and we can see an increase of volume it will wait till we break a certain level breaks when we get the average price from the highs and Lows, then once the trend has met the bearish conditions it will wait for increase in volume and trigger a Sell. The sell will close once TP(take profit) 1 or a Stop Loss is hit.
In the inputs you can adjust the MA (moving average length. This helps to decide if the Trend is bearish or bullish. Higher moving averages will give you less entries and a lower moving average will give you more entries ,since price crosses lower MA's more it will change the trend more often.
Sensitivity is a divider of the MA values is so the higher the Sensitivity the lower the more trades you get since the trend is changing faster.
You will see that there is a backtesting panel on your chart when you look in the inputs there will be a statistics tab which will have 1. Simple 2. Mobile 3. Hide options
1. Simple is designed when you are using a PC or Laptop
2.Can be used when you are using your mobile it will show less data but won't be in your way
3.This will hide the backtesting panel on your screen.
Exit strategy.
there are 3 Types of exits for this indicator.
1 .CrodlExit which is ATR indicator based Exit with a divider.
2 . fIxed SL , this works in % so 1 = 1% market move.
3 .Reverse exits = Longs exit shorts and shorts exit longs.
there are 4 take profit targets and all of them are adjustable.
1= 0.5% by default
2=1% by default
3=1.5% by default
4=2% by default
on the Back tester you will find the following information :
Timeframe of your chart and then the Symbol or pair you are trading.
First trade = when the back tester starts to read data.
Total trade = Total buy and total sell signals and then total trades are buy + sell signals.
total win = total buys hit take profit 1 and total sells that hit take profit 1 and then total buy + total sells that hit take profit 1.
total loss = total buys that hit which ever exit mode you selected in the inputs by default it is crodl exit and total sells that hit which ever exit mode you selected in the inputs by default it is crodl exit and then you will get total buy losses + total sell losses to get total loss.
TP1= the % difference between total trades won and lost for the 1st take profit target and your stop loss method you chose.
TP2= the % difference between total trades won and lost for the 2nd take profit target and your stop loss method you chose.
TP3= the % difference between total trades won and lost for the 3rd take profit target and your stop loss method you chose.
TP4= the % difference between total trades won and lost for the 4th take profit target and your stop loss method you chose.
average win streak give you the average of how many winning trades you had every time before hitting a stop loss.
average loss streak is how many stop loss you hit on average before take profit one has been reached.
longest win streak give you the amount of winning trades you had without hitting a stop lossl that is selected in your inputs.
longest loss streak give you the amount of losing trades you had one after the other before hitting take profit 1.
Inverse Fisher Transform ScreenerThis is a Screener for Inverse Fisher Transform on multiple oscillators
This tool is intended to aid you to visually analyse reasonable buy and sell IFT-signal thresholds across multiple tokens and different sources. It will help you speed up the tedious and manual work of trying out different IFT-settings when you're able to review the chart visually to find which values are present the most often and the location of that signal on the chart.
What does it bring to the table, why is it useful?
- Invese Fisher Transform on multiple oscillators such as RSI, MFI, CCI, Stochastic
- Combine multiple sources into one signal, select how it's calculated
- Visually review the chart for good IFT-settings
- 4 dynamic buy labels with different thresholds
- 4 dynamic sell labels with different thresholds
- Buy and sell on signal reversal
- Create your own trade alerts for automation
- Backtester compatible (plots 1 and 2 for buy and sell signals)
- A dynamic table counting amount of signals for each setting
- The labels are automatically updated when you change the values in the settings
How to use?
1. Change signal source and method
2. Change buy and sell thresholds
3. Show/hide additional labels
4. Review chart
5. Change trade settings
6. Backtest
7. Create alerts
Description
With this indicator you're able to visually review the signal strength of one or multiple oscillators processed with Inverse Fisher Transform ( IFT ), combine them and choose the method of calculation when they are combined. This produces a signal which strongly fluctuates between -1 and +1 instead of the more common 0-100 most oscillators uses. The intention is to make the decision making clearer and easier when you decide when to enter or exit a trade. This aims to help you remove the feelings from your trading.
Inverse Fisher Transform was first presented by John Ehlers in Stocks & Commodities V. 22:5 where he proposes to process RSI with the formula for hyperbolic tangent, tanh (x). This transforms the oscillator into a smoother and more compressed version with quicker oscillations.
ATR BacktesterATR backtester... input the desired number of bars backwards (I'd recommend 100 or so), and then it'll spit out in the columns on the right side of the screen how many times each ATR was hit. Helps to tell at a glance where bullish and bearish is for the stock. May not be insanely useful since you can just look at the chart, but feel free to use the code yourself for something.
Bravo Backtest - Multi Timeframe Fair Value GapsBravo Backtest – Multi Timeframe Fair Value Gaps
This indicator displays Fair Value Gaps (FVGs) across multiple timeframes, with a strong focus on clarity, structure, and non-repainting behavior.
To reduce noise and keep charts clean, only Fair Value Gaps from your current chart timeframe and higher are shown. Lower-timeframe imbalances are intentionally filtered out.
Key features:
- Multi-timeframe Fair Value Gap detection
- Wick-to-wick, three-candle FVG logic
- Non-repainting: all FVGs are confirmed on candle close
- Automatic removal of invalidated FVGs (close through the zone)
- Adjustable lookback period to limit historical zones
- Optional bullish / bearish filtering
- Optional borders that inherit the FVG color
- Clean, professional UI designed for real trading use
This tool is built to support higher-timeframe context, execution clarity, and disciplined charting, making it suitable for both discretionary traders and structured trading models.
Developed and verified by Bravo Backtest.
TradeMaster SignalsTrading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. To address this, we present a powerful indicator package designed to assist traders on their journey to success.
The TradeMaster indicator package encompasses a variety of trading strategies, including the SMC (Supply, Demand, and Price Action) approach, along with many other techniques. By leveraging concepts such as price action trading, support and resistance analysis, supply and demand dynamics, these indicators can empower traders to analyze entry and exit positions with precision. Unlike other forms of technical analysis that produce values or plots based on historical price data, Price Action brings you the facts straight from the source - the current price movements.
The indicator package consists of three powerful indicators that can be used individually or together to maximize trading effectiveness.
⭐ About the Signals Indicator
This indicator offers a unique opportunity for traders to design their own personalized trading strategy. It has a built-in backtesting system, which allows you to thoroughly analyze the performance of your strategy before implementing it in live trading. With the ability to customize and test your strategy using historical data, the Signals indicator empowers you to make data-driven decisions and refine your trading approach.
👉 How does it work?
The Signals indicator provides users with the ability to select trigger conditions and further narrow them down using confirmations.
Conditions are quantitative factors that influence the generation of signals on the chart and in the backtest table. You can enable multiple conditions to create a comprehensive set of criteria for signal generation.
Confirmations, on the other hand, are qualitative factors that selectively filter out conditions based on their alignment with the chosen confirmations. This helps refine the signals and provide more targeted trading opportunities. Multiple confirmations can be enabled to further enhance the precision of the signals.
A well-balanced strategy in the Signals indicator involves carefully selecting a combination of conditions and confirmations to generate accurate trading signals. Finding the right balance between them is crucial for consistent and profitable trading.
To offer even more flexibility, the Signals indicator includes two powerful main functions:
Target Placement System: This feature allows you to set up to 6 targets with a stop loss level and partial exit percentages. You can choose between automatic target creation or manual customization, giving you control over your profit targets.
Exit Strategy: With this feature, you can define your preferred trailing stop strategy, allowing you to implement a systematic approach to exiting trades. By setting appropriate trailing stop levels, you can limit potential losses, while the system secures profits by automatically closing positions partially when certain price targets are reached. This may help you to maintain discipline in your trading and optimize your risk-reward ratio.
With over 30 unique conditions, 10 confirmations, and the deep Target Placement and Exit Strategy systems, the Signals indicator offers a vast array of possibilities. In fact, there are potentially millions of different strategy outputs available for each ticker. Despite its complexity, the script remains lightweight and fast, ensuring smooth performance.
The Signals Backtest table provides a comprehensive overview of your strategy's performance. You can track your current position with all the necessary details, allowing you to monitor your trades effectively and make informed decisions based on the backtest results.
⚠️ WARNING!
Backtest results do not guarantee future performance. Strategies tested on synthetic data may not accurately represent real-world results. Testing should be conducted on charts that reflect actual closing prices.
The indicator displays buy/sell signals intended to support traders' analysis. There are numerous possibilities and combinations available to create your own unique strategies, whether trading with or against the trend or capturing oversold bounces. These are just a few of the many options! Our indicator can easily be tailored to fit your trading strategy.
The settings that influence the signal-generating algorithm play a crucial role in effectively utilizing the signals. We provide users with the flexibility to modify the settings to align with their trading style, while also offering simple adjustment methods using various techniques.
Each method for modifying the signal settings has been designed to meet specific user needs. It is important to understand that one method is not necessarily more accurate than another.
It is essential to understand that signal indications generally serve as trend confirmations, rather than direct entry and exit points. Focusing on the easy use of signal settings and utilizing other functionalities in our toolkit will likely be a better decision than attempting to find the "holy grail" of optimized signal settings and solely relying on following the signals.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Breakout Probability (Expo)█ Overview
Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. In addition, the indicator displays an additional four levels above and under the candle with the probability of hitting these levels.
The indicator helps traders to understand the likelihood of the next candle's direction, which can be used to set your trading bias.
█ Calculations
The algorithm calculates all the green and red candles separately depending on whether the previous candle was red or green and assigns scores if one or more lines were reached. The algorithm then calculates how many candles reached those levels in history and displays it as a percentage value on each line.
█ Example
In this example, the previous candlestick was green; we can see that a new high has been hit 72.82% of the time and the low only 28.29%. In this case, a new high was made.
█ Settings
Percentage Step
The space between the levels can be adjusted with a percentage step. 1% means that each level is located 1% above/under the previous one.
Disable 0.00% values
If a level got a 0% likelihood of being hit, the level is not displayed as default. Enable the option if you want to see all levels regardless of their values.
Number of Lines
Set the number of levels you want to display.
Show Statistic Panel
Enable this option if you want to display the backtest statistics for that a new high or low is made. (Only if the first levels have been reached or not)
█ Any Alert function call
An alert is sent on candle open, and you can select what should be included in the alert. You can enable the following options:
Ticker ID
Bias
Probability percentage
The first level high and low price
█ How to use
This indicator is a perfect tool for anyone that wants to understand the probability of a breakout and the likelihood that set levels are hit.
The indicator can be used for setting a stop loss based on where the price is most likely not to reach.
The indicator can help traders to set their bias based on probability. For example, look at the daily or a higher timeframe to get your trading bias, then go to a lower timeframe and look for setups in that direction.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Key Levels CustomTF + Backtest: SpacemanBTCKey Levels Backtest, same logic as the key levels script, provide levels based:
High, Low, Mid and Close.
This was requested, took a long time to post as I fell sick and was given a lot of Dev Work.
Hope this helps those who use it, very useful to see liquidity grabs in my opinion.
Input time in minutes!
Result of a user request.
HL/2 Fast & Slow - Cloud Signals + Backtest + Exit AlarmsDescription:
This indicator plots two HL/2 moving averages—a fast and a slow line—on the chart, along with dynamic upper and lower bands based on the slow line and ATR. It features a colored cloud between the two averages to visualize trend direction, and it provides buy/sell signals based on the alignment of the two lines.
Key Features:
Fast & Slow HL/2 Averages
Fast and slow HL/2 lines calculated as simple moving averages.
Lines change color based on direction (up/down), configurable via style settings.
Dynamic Upper and Lower Bands
Bands calculated from the slow line using ATR to capture volatility.
Trend Cloud
Fills the area between fast and slow lines.
Green if both lines are rising, red if both are falling, gray if lines disagree.
Transparency adjustable for better visual clarity.
Buy/Sell Signals
Signals appear only when both lines align in the same direction.
Two modes available:
Series Signals: generates a signal whenever the cloud color changes.
Single Signal: generates a signal only when the slow line changes direction.
Signals are plotted as small triangles above/below bars.
Alerts can be set for both buy/sell signals.
Exit Modes and Alerts
Exit positions either on a reverse signal or when the cloud enters a neutral gray zone.
Exit alerts are available for both conditions.
Integrated Backtest Panel
Shows total trades, win rate, and cumulative profit in USD.
Considers position size and commission (configurable).
Panel color indicates profit (green) or loss (red).
Fixed position on chart for easy reference.
Inputs:
Fast and slow periods, ATR length, ATR multiplier.
Position size, commission percentage.
Signal mode (Series or Single).
Exit mode (Reverse Signal or Gray Area).
Style options for line colors and cloud colors.
Time window for backtesting (daily, weekly, monthly, or custom date range).
Usage:
Ideal for identifying trend direction and potential entry points.
Can be used for manual trading or as part of an automated strategy with alerts.
Provides a visual and statistical overview of trading performance via the backtest panel.
Portfolio Simulator & BacktesterMulti-asset portfolio simulator with different metrics and ratios, DCA modeling, and rebalancing strategies.
Core Features
Portfolio Construction
Up to 5 assets with customizable weights (must total 100%)
Support for any tradable symbol: stocks, ETFs, crypto, indices, commodities
Real-time validation of allocations
Dollar Cost Averaging
Monthly or Quarterly contributions
Applies to both portfolio and benchmark for fair comparison
Model real-world investing behavior
Rebalancing
Four strategies: None, Monthly, Quarterly, Yearly
Automatic rebalancing to target weights
Transaction cost modeling (customizable fee %)
Key Metrics Table
CAGR: Annualized compound return (S&P 500 avg: ~10%)
Alpha: Excess return vs. benchmark (positive = outperformance)
Sharpe Ratio: Return per unit of risk (>1.0 is good, >2.0 excellent)
Sortino Ratio: Like Sharpe but only penalizes downside (better metric)
Calmar Ratio: CAGR / Max Drawdown (>1.0 good, >2.0 excellent)
Max Drawdown: Largest peak-to-trough decline
Win Rate: % of positive days (doesn't indicate profitability)
Visualization
Dual-chart comparison - Portfolio vs. Benchmark
Dollar or percentage view toggle
Customizable colors and line width
Two tables: Statistics + Asset Allocation
Adjustable table position and text size
🚀 Quick Start Guide
Enter 1-5 ticker symbols (e.g., SPY, QQQ, TLT, GLD, BTCUSD)
Make sure percentage weights total 100%
Choose date range (ensure chart shows full period - zoom out!)
Configure DCA and rebalancing (optional)
Select benchmark (default: SPX)
Analyze results in statistics table
💡 Pro Tips
Chart data matters: Load SPY or your longest-history asset as main chart
If you select an asset that was not available for the selected period, the chart will not show up! E.g. BTCUSD data: Only available from ~2017 onwards.
Transaction fees: 0.1% default (adjust to match your broker)
⚠️ Important Notes
Requires visible chart data (zoom out to show full date range)
Limited by each asset's historical data availability
Transaction fees and costs are modeled, but taxes/slippage are not
Past performance ≠ future results
Use for research and education only, not financial advice
Let me know if you have any suggestions to improve this simulator.
RSI-RENKO Divine StrategyLive, non-repainting strategy using RENKO and RSI mixed together to multiple types of long and short positions.
- Features -
Live entry direction with trade warnings and alerts
Live trade building buy and sell limits (for buy/sell limits)
Entry location icons as well as pyramid entries (to add to existing position)
Swing trades that keep you in the trade for the maximum possible profit
1 scalp target based on the RSI settings and entry location
Dynamic trailing stop for swings and scalps
Alert conditions for every update and condition change of the strategy (Provided by indicator study)
4 pre-built color themes, including candlestick coloring
This script is used solely for alerts to the RSI-RENKO Divine Strategy , because Trading View still after 3 years of requesting does not provide the ability to use alert conditions inside a strategy script, only an indicator script. This strategy should be used to backtest your settings. Beyond alerts and strategy inputs, the strategy and indicator are identical.
Optimal MA FinderIntroduction to the "Optimal MA Finder" Indicator
The "Optimal MA Finder" is a powerful and versatile tool designed to help traders optimize their moving average strategies. This script combines flexibility, precision, and automation to identify the most effective moving average (MA) length for your trading approach. Whether you're aiming to improve your long-only strategy or implement a buy-and-sell methodology, the "Optimal MA Finder" is your go-to solution for enhanced decision-making.
What Does It Do?
The script evaluates a wide range of moving average lengths, from 10 to 500, to determine which one produces the best results based on historical data. By calculating critical metrics such as the total number of trades and the profit factor for each MA length, it identifies the one that maximizes profitability. It supports both simple moving averages (SMA) and exponential moving averages (EMA), allowing you to tailor the analysis to your preferred method.
The logic works by backtesting each MA length against the price data and assessing the performance under two strategies:
Buy & Sell: Includes both long and short trades.
Long Only: Focuses solely on long positions for more conservative strategies.
Once the optimal MA length is identified, the script overlays it on the chart, highlighting periods when the price crosses over or under the optimal MA, helping traders identify potential entry and exit points.
Why Is It Useful?
This indicator stands out for its ability to automate a task that is often labor-intensive and subjective: finding the best MA length. By providing a clear, data-driven answer, it saves traders countless hours of manual testing while significantly enhancing the accuracy of their strategies. For example, instead of guessing whether a 50-period EMA is more effective than a 200-period SMA, the "Optimal MA Finder" will pinpoint the exact length and type of MA that has historically yielded the best results for your chosen strategy.
Key Benefits:
Precision: Identifies the MA length with the highest profit factor for maximum profitability.
Automation: Conducts thorough backtesting without manual effort.
Flexibility: Adapts to your preferred MA type (SMA or EMA) and trading strategy (Buy & Sell or Long Only).
Real-Time Feedback: Provides actionable insights by plotting the optimal MA directly on your chart and highlighting relevant trading periods.
Example of Use: Imagine you're trading a volatile stock and want to optimize your long-only strategy. By applying the "Optimal MA Finder," you discover that a 120-period EMA results in the highest profit factor. The indicator plots this EMA on your chart, showing you when to consider entering or exiting positions based on price movements relative to the EMA.
In short, the "Optimal MA Finder" empowers traders by delivering data-driven insights and improving the effectiveness of trading strategies. Its clear logic, combined with robust automation, makes it an invaluable tool for both novice and experienced traders seeking consistent results.
RPS Trading Signals & Backtesting
Overview:
The Enhanced Relative Price Strength (RPS) Indicator is designed for trend traders looking to identify the relative strength of stocks within a select universe. By comparing the price movements of chosen stocks over a specified period, this indicator helps traders make informed decisions about potential buying and selling opportunities.
Key Features:
Relative Strength Ranking: Our RPS indicator ranks the price performance of individual stocks against a curated selection, enabling users to pinpoint which stocks are exhibiting relative strength or weakness.
Customizable Stock Universe: The script evaluates 40 stocks, which include 30 high-weight NDX100 stocks, 4 major index ETFs (SPY, QQQ, DIA, IWM), and allows for the addition of 6 user-defined custom stocks.
Dynamic Color Gradients: The visual representation of the RPS score utilizes a gradient color scheme ranging from purple at low scores to red at high scores, leveraging the color for clear, immediate insight into stock performance.
Threshold Visualization: Users can set specific high (default 85) and low (default 15) thresholds for RPS, highlighted with solid line indicators and area fills. This visual aspect aids traders in quickly spotting entry and exit points.
Trading Signal Generation: The script includes logic for generating buy and sell signals according to defined RPS behaviors relative to the set thresholds, factoring in market conditions based on a long-term moving average.
Backtesting Capabilities: Users can backtest trading signals by inputting desired start and end dates, allowing traders to evaluate the effectiveness of the RPS strategy on historical data for various assets including stocks and cryptocurrencies (e.g., NVDA, LLY, GOOG, BTC, ETH, SOL).
User-Friendly Options: The script allows for adjustments such as moving average lengths, visibility of trading signals, and fills for ease of use and customization according to trading preferences.
How It Works:
The RPS Indicator functions by calculating the performance of stocks relative to each other. Based on the RPS trends, the indicator identifies when to enter or exit trades, providing a framework to capitalize on market movements.
Conclusion:
The Enhanced RPS Indicator aims to empower traders with a powerful analytical tool in their arsenal, tailored to simplify decision-making and bolster trading strategies. As this script evolves, we encourage feedback and collaboration from users to refine and enhance its capabilities further.
Trade Less, Earn More!
Support and Resistance Backtester [SS]Hey everyone,
Excited to release this indicator I have been working on.
I conceptualized it as an idea a while ago and had to nail down the execution part of it. I think I got it to where I am happy with it, so let me tell you about it!
What it does?
This provides the user with the ability to quantify support and resistance levels. There are plenty of back-test strategies for RSI, stochastics, MFI, any type of technical based indicator. However, in terms of day traders and many swing traders, many of the day traders I know personally do not use or rely on things like RSI, stochastics or MFI. They actually just play the support and resistance levels without attention to anything else. However, there are no tools available to these people who want to, in a way, objectively test their identified support and resistance levels.
For me personally, I use support and resistance levels that are mathematically calculated and I am always curious to see which levels:
a) Have the most touches,
b) Have provided the most support,
c) Have provided the most resistance; and,
d) Are most effective as support/resistance.
And, well, this indicator answers all four of those questions for you! It also attempts to provide some way to support and resistance traders to quantify their levels and back-test the reliability and efficacy of those levels.
How to use:
So this indicator provides a lot of functionality and I think its important to break it down part by part. We can do this as we go over the explanation of how to use it. Here is the step by step guide of how to use it, which will also provide you an opportunity to see the options and functionality.
Step 1: Input your support and resistance levels:
When we open up the settings menu, we will see the section called "Support and Resistance Levels". Here, you have the ability to input up to 5 support and resistance levels. If you have less, no problem, simply leave the S/R level as 0 and the indicator will automatically omit this from the chart and data inclusion.
Step 2: Identify your threshold value:
The threshold parameter extends the range of your support and resistance level by a desired amount. The value you input here should be the value in which you would likely stop out of your position. So, if you are willing to let the stock travel $1 past your support and resistance level, input $1 into this variable. This will extend the range for the assessment and permit the stock to travel +/- your threshold amount before it counts it as a fail or pass.
Step 3: Select your source:
The source will tell the indicator what you want to assess. If you want to assess close, it will look at where the ticker closes in relation to your support and resistance levels. If you want to see how the highs and lows behave around the S/R levels, then change the source to High or Low.
It is recommended to leave at close for optimal results and reliability however.
Step 4: Determine your lookback length:
The lookback length will be the number of candles you want the indicator to lookback to assess the support and resistance level. This is key to get your backtest results.
The recommendation is on timeframes 1 hour or less, to look back 300 candles.
On the daily, 500 candles is recommended.
Step 5: Plot your levels
You will see you have various plot settings available to you. The default settings are to plot your support and resistance levels with labels. This will look as follows:
This will plot your basic support and resistance levels for you, so you do not have to manually plot them.
However, if you want to extend the plotted support and resistance level to visually match your threshold values, you can select the "Plot Threshold Limits" option. This will extend your support and resistance areas to match the designated threshold limits.
In this case on MSFT, I have the threshold limit set at $1. When I select "Plot Threshold Limits", this is the result:
Plotting Passes and Fails:
You will notice at the bottom of the settings menu is an option to plot passes and plot fails. This will identify, via a label overlaid on the chart, where the support and resistance failures and passes resulted. I recommend only selecting one at a time as the screen can get kind of crowded with both on. here is an example on the MSFT chart:
And on the larger timeframe:
The chart
The chart displays all of the results and counts of your support and resistance results. Some things to pay attention to use the chart are:
a) The general success rate as support vs resistance
Rationale: Support levels may act as resistance more often than they do support or vice versa. Let's take a look at MSFT as an example:
The chart above shows the 334.07 level has acted as very strong support. It has been successful as support almost 82% of the time. However, as resistance, it has only been successful 33% of the time. So we could say that 334 is a strong key support level and an area we would be comfortable longing at.
b) The number of touches:
Above you will see the number of touches pointed out by the blue arrow.
Rationale: The number of touches differs from support and resistance. It counts how many times and how frequently a ticker approaches your support and/or resistance area and the duration of time spent in that area. Whereas support and resistance is determined by a candle being either above or below a s/r area, then approaching that area and then either failing or bouncing up/down, the number of touches simply assesses the time spent (in candles) around a support or resistance level. This is key to help you identify if a level has frequent touches/consolidation vs other levels and can help you filter out s/r levels that may not have a lot of touches or are infrequently touched.
Closing comments:
So this is pretty much the indicator in a nutshell. Hopefully you find it helpful and useful and enjoy it.
As always let me know your questions/comments and suggestions below.
As always I appreciate all of you who check out, try out and read about my indicators and ideas. I wish you all the safest trades and good luck!
Bar Count for BacktestingHello!
Not much special about this script; you can use date & time, or bar count, to ascertain the number of bars in a time period for backtesting.
This script can be used in conjunction with large scripts incorporating complex intricacies that won't load on 20,000+ bar data sets.
If your script's load time transcends the TV allotted load time - use this script to quickly determine the number of bars in the data set.
Through trial & error you should be able to determine the approximate number of bars your script can execute on without exceeding the imposed time limit!
The image above shows a user-defined time window and, consequently, the script returns the number of bars that constitute the time period.
You can drag the white vertical lines to efficiently configure the calculated time period.
The image above shows functionality for the "Bars Back" feature.
Enjoy!
TTP MC signalThis signal is based on Market Cipher.
It triggers a 1 for a buy the divergence signal which is less frequent and more conservative.
It triggers a 1.5 for the normal signal which is more frequent and more risky.
It triggers a 2 for a sell signal which is also using a divergence.
You can use this values to backtest.
It contains alerts for each of the separated signals.
RSI Signal Backtest Bounce AlertRSI crosses below 5min signal line, bounce above 50 RSI and crosses bullish back above signal line. Once it backtests signal the indicator will fire.
Multi-MA Strategy Analyzer with BacktestMulti-MA Strategy Analyzer with Backtest
This TradingView Pine Script indicator is designed to analyze multiple moving averages (SMA or EMA) dynamically and identify the most profitable one based on historical performance.
Features
Dynamic MA Range:
Specify a minLength, maxLength, and step size.
Automatically calculates up to 20 MAs.
Custom MA Calculation:
Uses custom SMA and EMA implementations to support dynamic length values.
Buy/Sell Logic:
Buy when price crosses above a MA.
Sell when price crosses below.
Supports both long and short trades.
Performance Tracking:
Tracks PnL, number of trades, win rate, average profit, and drawdown.
Maintains individual stats for each MA.
Best MA Detection:
Automatically highlights the best-performing MA.
Optional showBestOnly toggle to focus only on the best line and its stats.
Visualization:
Up to 20 plot() calls (static) for MAs.
Green highlight for the best MA.
Color-coded result table and chart.
Table View
When showBestOnly = false, the table displays all MAs with stats.
When showBestOnly = true, the table displays only the best MA with a summary row.
Includes:
Best MA length
Total PnL
Number of trades
Win rate
Avg PnL per trade
Max Drawdown
Configuration
minLength (default: 10)
maxLength (default: 200)
step (default: 10)
useEMA: Toggle between EMA and SMA
showBestOnly: Focus on best-performing MA only
Notes
MA plotting is static, limited to 20 total.
Table supports highlighting and is optimized for performance.
Script is structured to run efficiently using arrays and simple int where required.
Potential Extensions
Add visual buy/sell arrows
Export stats to CSV
Strategy tester conversion
Custom date range filtering for backtesting
Author: Muhammad Wasim
Version: 1.0
ETP SignalManager🔍 Overview:
This indicator is a trader's tool used to generate long/short signals. These signals are crafted by customizing specific conditions set up by the trader, depending on their trading system.
🔑 Key Features:
Signal Types: Generates both long and short signals.
Custom Conditions: Users can define up to 10 conditions via SignalManager in order to generate a signal.
Comparison: You can establish conditions by:
Comparing two indicators.
Comparing an indicator against a fixed value.
Comparing default sources such as low, high, close, and open – either between two sources or pairing a source with another indicator.
Using relational operators like >, <, >=, <=, crossing above, and crossing below.
Indicator Selection: For the indicators used in conditions, you can choose from any loaded indicator on your chart.
Condition Relationships: Combine up to 10 conditions using AND or OR.
Visual Alerts: These alerts activate when the specific conditions are met. They can be displayed or hidden using the dedicated options in the indicator settings. The options for visual alerts are:
Background coloring and
Chart-shape drawings
💡 Benefits:
Eliminate the need for programming skills.
Ability to backtest trading signals before investing real funds or before commissioning full programming.
Save on costs from hiring external programming services.
🎯 In Summary:
Combine indicators to obtain the desired trading signal and backtest your trading idea without any programming skill or expertise.
📊 Chart Example:
In the chart below, we utilized a combination of four indicators to generate trading signals:
Indicators Used:
Short-term Smoothed Moving Average (SMMA)
Long-term Smoothed Moving Average (SMMA)
Relative Strength Index (RSI)
On-Balance Volume (OBV)
Additional Rule:
The relation between the close of the current bar and the close of the previous bar.
🔧 Signal Manager Configuration:
For a Long Signal:
Short-term SMMA crosses above the long-term SMMA. This indicates a potential bullish trend.
Simultaneously, RSI is below 70. This condition ensures that the market is not overbought, making it suitable for a long trade.
The OBV blue line is above the OBV orange line from 3 bars back. This 3-bar offset accounts for the lag in the orange line, and it confirms increasing buying pressure following the SMMA crossover.
The close of the current bar should be above the close of the previous bar. This rule adds an extra layer of confirmation to the long trade setup.
For a Short Signal:
Short-term SMMA crosses below the long-term SMMA. This suggests a potential bearish trend.
Simultaneously, RSI is above 30. This condition ensures that the market is not oversold, making it suitable for a short trade.
The OBV blue line is below the OBV orange line from 3 bars back. This 3-bar offset accounts for the lag in the orange line and confirms increasing selling pressure following the SMMA crossover.
The close of the current bar should be below the close of the previous bar. This rule adds an extra layer of confirmation to the short trade setup.
🚨 Visual Alerts: As you can see on the chart, both visual alerts are active: background coloring and chart-shape drawing. Whenever the conditions mentioned above are met, the visual alert will appear on the bar that satisfies those conditions. This visual feedback enhances your ability to identify potential trade setups quickly and effectively.
This example illustrates a combination of indicators employed to generate trading signals. However, it's essential to recognize that the possibilities are vast when it comes to using indicators to create trading conditions. You can leverage any indicator you have loaded on your chart to establish criteria for trade signals. The key lies in understanding your selected indicators and crafting a strategy that aligns with your trading objectives and market analysis.
Please make sure to check your TradingView plan to determine the number of different indicators you can load on your chart. Your plan will dictate how many indicators you can effectively combine within the Signal Manager. Understanding your plan's limitations is crucial to optimizing your trading strategy.
Challenge training (journal)Dynamic trading journal with equity curve display. Detailed results with prop firm objectives, editable, $/month estimation, possibility to compare two strategies.
one line in parameter = one trading day. 20 days max.
For each trading day, specify : The number of trades, the number of SL, the number of total winning RR.
A table at the bottom right summarizes the days and performances during the backtest in order to have an idea of the current performance.
The bottom left table summarizes the overall performance with some key information.
Depending on the number of days traded, a monthly "salary" is deducted, taking into account the prop firm commission.
there is the possibility to define a "Type" for each trading day, 1 or 2. It allows to compare in a binary way, example for type 1: when the high time frame structure is doing well and I am confident for scalping, otherwise type 2.
Again: type 1: SL shorter by 50%, type 2: normal SL etc..
the button "separate 1 and 2" allows to display two additional equity curves : type 1 and type 2. It allows to have a quick visual comparison on the impact of our parameter studied in our backtest on our performance. at the scale of the main equity curve
All the conditions to succeed in the challenge are adjustable in the parameters. The drawdown calculation has been simplified - in order not to have to put 80 trades in the parameters window, I have gathered them by "day", and pessimistically, we consider first the stoplosses and then the take profits, simplifying the performances of the day into "one losing trade" and "one winning trade" (graphically). It is a good compromise between quantity and quality.
Use "A random day trading" indicator to spice up your training.
I hope this will be useful for you to track your performance !
Portfolio Backtester [MS]Portfolio Backtester (with rebalancing) for any assets you choose.
Simple to use, input any assets and their percentage allocations, choose a rebalance interval, then see how that portfolio performs over time.
To compare two or more portfolios, add this indicator multiple times, click and drag one on top of the other (into the same pane), then pin both to the same scale .
Its recommended to view this "indicator" on an asset with lots of historical data in order to have the most flexibility in a Start Date. Calculations are limited by chart you're viewing.
Settings
• Input the portfolio's assets
• Input the assets' allocations
• Input start and end dates
• Set the initial capital investment
• Set the rebalancing period (visualized as dots on the chart)
• Display Performance label
• Display Rebalancing labels
Things To Note
• The Start Date will be the later of the date you enter and the first candle of the chart you're viewing.
• If an asset's data doesn't exist at the start or any rebalance, it's percentage allocation will go to cash.
• The backtester calculates purely on asset price, and does not take into account any commissions, fees, dividends, or any other extra additions or deductions.
Version 1: only supports whole-shares, and not fractional-shares of assets.
PM us with any questions about this indicator.
