This idea based on one of the simplest trading strategies in the world Trend-Reversal-Alerts-Strategy that I shared recently. Now I want to spread few words about how you should make it perform better with help of buy and sell resistance and I will show you the exact methods.
But first, if you still not sure how this strategy tester is actually work you should definitely read this:
TradingView Blog:
EN/new-features-improvements-strategy-backtesting
RU/new-features-improvements-strategy-backtesting
Also I want to recommend an article that I googled. It examine in depth and gives a perfomance summary on every single subject:
tradingview-strategy-tester-performance-summary
According to Buy/Sell Resistance. When new candle created with assigned Open value, Resistance = 0. In the second Close start moving it changes so called Resistance of that candle. It could be negative or positive. So by setting resistance you can tell this script to enter/close your trades only when Buy/Sell Resistance values are greater or equal than your settings values.
* You should tweak it only after all strategy tester options are ready. Very important!
I do it in a simple way : open settings -> Buy Resistance = 1 -> Sell Resistance = -1 -> then
if nothing change -> Buy Resistance = 1.5 -> Sell Resistance = -1.5; otherwise -> Buy Resistance = 0.5 -> Sell Resistance = -0.5
and so on...
* This is very important to do to eliminate in the future "resitance issues" - when you can't enter/close trades because of your resistance settings.
That is all for now.
Take care and bye bye!
But first, if you still not sure how this strategy tester is actually work you should definitely read this:
TradingView Blog:
EN/new-features-improvements-strategy-backtesting
RU/new-features-improvements-strategy-backtesting
Also I want to recommend an article that I googled. It examine in depth and gives a perfomance summary on every single subject:
tradingview-strategy-tester-performance-summary
According to Buy/Sell Resistance. When new candle created with assigned Open value, Resistance = 0. In the second Close start moving it changes so called Resistance of that candle. It could be negative or positive. So by setting resistance you can tell this script to enter/close your trades only when Buy/Sell Resistance values are greater or equal than your settings values.
* You should tweak it only after all strategy tester options are ready. Very important!
I do it in a simple way : open settings -> Buy Resistance = 1 -> Sell Resistance = -1 -> then
if nothing change -> Buy Resistance = 1.5 -> Sell Resistance = -1.5; otherwise -> Buy Resistance = 0.5 -> Sell Resistance = -0.5
and so on...
* This is very important to do to eliminate in the future "resitance issues" - when you can't enter/close trades because of your resistance settings.
That is all for now.
Take care and bye bye!