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[DEM] Chande Momentum + Aroon Signal (With Backtesting)

[DEM] Chande Momentum + Aroon Signal (With Backtesting) is designed to generate buy and sell signals by combining the Chande Momentum Oscillator with the Aroon indicator. It also includes a comprehensive backtesting framework to evaluate the historical performance of these signals. The indicator overlays directly on the price chart, plotting signals and displaying performance statistics in a table. The strategy generates buy signals when the Aroon Up reaches 100% (indicating a new high) and the Chande Momentum Oscillator crosses above zero, while sell signals are triggered when the Aroon Down reaches 100% (indicating a new low) and the Chande Momentum Oscillator crosses below zero. The backtesting module tracks signal accuracy, average returns, signal frequency per month, and total correct predictions for both buy and sell signals across a configurable time horizon.
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.