LonesomeTheBlue

Pivot Point SuperTrend [Backtest]

Hello All,

This is backtesting result of following indicator/strategy. I didn't work on adding other indicators. maybe in the future I can try to combine this with other indicators.

You can visit following link to see "Pivot Point SuperTrend". by using this backtesting tool, you can test&find better options


There is option "Use Center Line to Close Entry for 50%". by default it's not enabled. if you enable this option, pivot point center line may push you to close your entry for 50% (can be used as early stoploss/take profit line if you think it's risky)


Enjoy!
Release Notes: Made some improvements in the strategy.

Also following options added:
"Enter Only Long Position" option added.
"Min profit Rate if Center Line Used" option added. it doesn't close half of the position if it didn't reach defined profit rate. %1 by default
Release Notes: updated.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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