If you are looking for a complete and advanced guide on tradingview strategy tester, look no further because this article is for you.
Thanks to tradingview, traders are now able to monitor the changes in the stock and crypto market. This amazing website provides users with a section called strategy tester, which helps traders use the indicators and strategies in a specified date range on their desired chart.
Here, we have tried to give you all the instructions you will need in order to be able to use the tradingview strategy tester to your advantage and then apply those strategies to your swing trading or other types of trading.
Best tradingview strategy tester
To use the tradingview strategy tester, we need to enter the Chart section. It doesn’t matter if the chart or graph is related to Bitcoin and cryptocurrencies or other financial markets.
After opening the chart in the upper section, we click on Replay.
Now click on the date you like. The rest of the candles will be removed from the right, and you can go to the candles on the right by clicking on the buttons (picture below). You can test your strategy with tools and indicators by clicking on the strategy tester button.
For testing our strategy, we can use other sites that are similar to tradingview, and we can test our strategy without paying money.
To get a free strategy tester, we can use the gocharting.com site. Enter this site. Select Crypto from the Chart menu. Now click on the Bar Replay tool.
This tool is exactly the same as the Replay tool in tradingview, and we can get a free test. Be sure to register on the site. Otherwise, it will not allow you to use the replay function.
Investing.com is one of the most popular platforms in the online trading industry; keep in mind that it does not offer brokerage services. Rather, it has features that can help you work with a series of safe brokers and stay away from the blacklist of fraudulent brokers.
Tradingview strategy tester date range
Now we will see how to implement date range in tradingview strategy tester using pine script. Unfortunately, you can’t add a date range by using simple features. Follow these coding lines and you are good to go.
1. Here we have an indicator called “Date Range” with the overlay set to true, which means this indicator would overlay the bar chart.
2. In this picture, we have used the input.int function to accept the user input for the start date, start month, and start year of the date range.
3. Again, we have used the input.int function to accept the end of the date range, just like in the previous step.
4. Here, we calculate if the current day is in the date range or not.
5. If the current date is in the date range, we will store the closing value in a variable.
6. And finally, we plot that close value.
7. Now add the indicator to the chart.
That’s how you can add a date range to your tradingview strategy tester.
Best swing trading strategy tradingview
In the following, we have prepared a list of the best swing trading indicators (change alert color tradingview) that have become popular among traders due to the simplicity and efficiency of the trading signals they provide:
Volume oscillator
The volume oscillator indicator is one of the common indicators in the financial markets and is also popular among swing traders. Volume oscillator is not only one of the best swing trading indicators but also one of the easiest indicators on this list.
Because this index only refers to a number of traded assets in a certain period of time. However, traders can gain a good insight into the market situation using this indicator.
For example, by looking at a chart, you can see a lack of enthusiasm or, conversely, a lot of enthusiasm in the market.
Stochastic indicator
Another one of the best swing trading indicators in the tradingview strategy tester is the Stochastic Indicator. At first glance, the chart above may look like a cardiogram, but the image above is an example of a stochastic indicator.
This indicator, like the RSI indicator, shows whether the asset in question is overbought or oversold. In this way, you can use this information to perform swing trading.
RSI
The Relative Strength Index (RSI) indicator is one of the most important swing trading indicators in cryptocurrency trading. As a momentum oscillator, the Relative Strength Index (RSI) indicator calculates the size and magnitude of the latest price changes
How to automate trading tradingview based on trigger
If you want to automate your trading on tradingview based on a trigger, this section is for you:
1. The first step is to choose a broker that is compatible with tradingview.
2. Login or create an account in tradingview.
3. Now connect your broker to your tradingview account.
4. Choose a strategy and specify the trigger that will initiate your trade.
5. Now, by using Pine script, you can write a code that will open a position based on the trigger you defined.
6. Make sure to constantly check on your trading strategy to avoid loss.
Conclusion
Many professional traders and investors do a lot of strategy testing to gauge their ideas and strategies. This is one of the most basic tools for algorithmic traders.
By using the pine script feature, traders can add tons of new indicators and specified date ranges to have a more precise strategy. They can even have automated trading that initiates based on a trigger.
However, interpreting tradingview strategy tester results requires great precision and finesse. Traders often introduce their prejudices and biases into the process, making the intended testing less reliable.
Tradingview strategy tester alone does not make a trading strategy completely reliable. This feature is only to help measure the reliability of ideas.
If you have any experience with using tradingview strategy tester, we would be happy to learn about it in the comments!
