today I'm glad to present you an indicator which calculates and let's you backtest the simplest strategy over it: buy/sell on and do the opposite on .
This is a public free indicator based on the public one by @paaax:
I added my usual backtesting logic, plus some more customization inputs for easy coloring.
The lower the timeframe you backtest on, the more backtesting data are effective.
> I develop script & strategies
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Here a summary of all my indicators and strategies: https://bit.ly/astroparktrading
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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.