B-Xtrender [Backtest Edition] @QuantTherapy — Strategy by QuantTherapy

Today I have published a Backtest edition of one of my scripts.

For anyone looking into the indicators please have in the source below where the logic behind the indicator is nicely explained also the source of the inspiration of me coding it in tradingview.

Strategy

Entry when both bars are in alignment both green = long / both red = short
Exit when one is against your direction of trade
TSL will also kick in and exit when the percentage is breached
Moving Average is there to filter entries. Will allow entry only when active when the price is above (long-only) or below ( short-only )

Hope you are having a great day !

Release Notes:

Added Date Range inspiration by one of the Pine - Wizards
Added Trade Direction from the TV Engine to be able to select Long/Short and All Trades

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?