Indicator Script backtesting

Jul 4, 2020

These are backtest results for this indicator if converted to a strategy. It's kind of overpowered in my opinion(but not really) because look at the insane drawdown. Using a stop loss is something I'd rather not do because it eats away profits. My solution is to use the numbered candles in my previous post to better instruct the script on entries and exit.
Also, I will show you a perfect example of what this indicator visualizes.

Jul 4, 2020

Note

That being said, Happy 4th of July!

Jul 4, 2020

Note

In the future, this is how the script would read the chart above. Candles will all have multiple values based on their relationship to the EMAs.