Fractal Chaos Oscillator Backtest — Strategy by HPotter
By HPotter
Performance Metrics
- Author: HPotter
- Symbol: CME_MINI:ES1!
- Timeframe: 1 day
- Net P&L: +63,075.00 USD (+62.64%)
- Win Rate: 47.6%
- Profit Factor: 1.092
- Max Drawdown: 42,200.00 USD (36.45%)
- Total Trades: 1,665
- Sharpe Ratio: 0.026
Description
The value of Fractal Chaos Oscillator is calculated as the difference between the most subtle movements of the market. In general, its value moves between -1.000 and 1.000. The higher the value of the Fractal Chaos Oscillator, the more one can say that it follows a certain trend – an increase in prices trend, or a decrease in prices trend. Being an indicator expressed in a numeric value, traders say that this is an indicator that puts a value on the trendiness of the markets. When the FCO reaches a high value, they initiate the “buy” operation, contrarily when the FCO reaches a low value, they signal the “sell” action. This is an excellent indicator to use in intra-day trading. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.