OPEN-SOURCE SCRIPT
Indicator Tester
Indicator Tester
Designed to evaluate and backtest a composite trading signal based on multiple technical indicators across volatility, volume, momentum, and moving average categories. It is suitable for assets like Bitcoin, on all timeframes.
Key Features:
Customizable Inputs:
Visualization:
Usage:
Designed to evaluate and backtest a composite trading signal based on multiple technical indicators across volatility, volume, momentum, and moving average categories. It is suitable for assets like Bitcoin, on all timeframes.
Key Features:
- Indicator Selection: Allows users to enable/disable indicators such as CCI, Bollinger Bands, RVI, MFI, VZO, EFI, KVO, VPT, COPP, RSI, StochRSI, MOM, TRIX, SMI, MA Cross, RTI, and Simple MA, with customizable parameters.
Customizable Inputs:
- Individual indicator settings (e.g., lengths, thresholds).
- Flip threshold to adjust the signal activation point.
- Backtest settings including custom start date, signal type (Long & Short, Long Only, Short Only), and fees.
- Table positions for performance and settings display.
Visualization:
- Plots an equity curve (orange for positive signals, white otherwise) and a buy-and-hold equity curve (blue).
- Displays a performance table comparing indicator equity, drawdown, standard deviation, Sharpe, Sortino, and Omega ratios with buy-and-hold metrics.
- A settings table shows backtest start date, fees, number of indicators used, and flip threshold.
Usage:
- Enables traders to test and optimize a strategy by combining selected indicators, with performance metrics calculated from the equity curve.
- The equity curve and backtest tables help compare the strategy against a buy-and-hold approach.
- Ideal for overlay on a 1-day chart to analyze historical performance, as depicted in the Bitcoin/USD chart.
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.
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.
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.