OPEN-SOURCE SCRIPT
Updated TV signal for DCA backtest
This script allows you to backtest Trading View's "Technical Ratings" (Buy, Strong buy, Sell, Strong Sell) using Gavin's backtest script.
To use it add the backtest script to the chart together with this script and then from the back test settings connect the external indicator. You should select "TV Signal" as the source.
Backtesting works best on the 5m chart, but you can still change this script from its settings to higher timeframes.
Encoding
In the backtest script you can decide which rating you want to use for open deal and which one for close deal.
For example, if you were backtesting a long bot you could enter a long position when TV signal is Buy (1) and close the deal when TV signal is Sell (-1).
You have the full flexibility to decide which technical rating to use for your backtesting.
Enjoy!
To use it add the backtest script to the chart together with this script and then from the back test settings connect the external indicator. You should select "TV Signal" as the source.
Backtesting works best on the 5m chart, but you can still change this script from its settings to higher timeframes.
Encoding
- Buy is 1
- Strong Buy is 2
- Sell is -1
- Strong Sell is -2
In the backtest script you can decide which rating you want to use for open deal and which one for close deal.
For example, if you were backtesting a long bot you could enter a long position when TV signal is Buy (1) and close the deal when TV signal is Sell (-1).
You have the full flexibility to decide which technical rating to use for your backtesting.
Enjoy!
Release Notes
Info table removed as its not needed for backtestingRelease Notes
adding continuous mode perfect for opening multiple consecutive trades while the technical rating remains the same valueRelease Notes
removing unneeded codeRelease Notes
- removing unneeded code- continuos mode plots improved
- chart updated
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Join our membership to gain access to the private scripts.
thetradingparrot.com
thetradingparrot.com
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Join our membership to gain access to the private scripts.
thetradingparrot.com
thetradingparrot.com
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.