TFS: Tether Line Backtest — Strategy by HPotter
By HPotter
Performance Metrics
- Author: HPotter
- Symbol: CME_MINI:ES1!
- Timeframe: 30 minutes
- Net P&L: +15,437.50 USD (+15.50%)
- Win Rate: 79.7%
- Profit Factor: 1.312
- Max Drawdown: 4,912.50 USD (4.30%)
- Total Trades: 738
- Sharpe Ratio: 0.569
Description
Tether line indicator is the first component of TFS trading strategy. It was named this way because stock prices have a tendency to cluster around it. It means that stock prices tend to move away from the midpoint between their 50-day highs and lows, then return to that midpoint at some time in the future. On a chart, it appears as though the stock price is tethered to this line, and hence the name. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.