OPEN-SOURCE SCRIPT
Monthly Returns in Strategies with Market Benchmark
Diupdate
This is a modified version of this excellent script Monthly Returns in PineScript Strategues by QuantNomad
I liked and used the script but wanted to see how strategy performed vs market on each month/year. So I am sharing back.
The modification consists in adding Market or Buy & Hold performance between parenthesis inside each cell to better see how strategy performed vs market.
Also, 3 red levels and 3 green levels have been used :
For green :
1/ Light when strategy pnl > 0 but < market
2/ medium when strategy pnl > 0 and > market
3/ Dark when strategy pnl > 0 and market < 0 or pnl > market x 2
Same logic in the opposite direction for red.
The strategy provided here is just a showcase of how to use the table in pine script.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
I liked and used the script but wanted to see how strategy performed vs market on each month/year. So I am sharing back.
The modification consists in adding Market or Buy & Hold performance between parenthesis inside each cell to better see how strategy performed vs market.
Also, 3 red levels and 3 green levels have been used :
For green :
1/ Light when strategy pnl > 0 but < market
2/ medium when strategy pnl > 0 and > market
3/ Dark when strategy pnl > 0 and market < 0 or pnl > market x 2
Same logic in the opposite direction for red.
The strategy provided here is just a showcase of how to use the table in pine script.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Catatan Rilis
Refactor codeCatatan Rilis
Fixed bug with red color levelCatatan Rilis
Get number precision as input (0 => no digit after the decimal point, 1 => 1 digit after decimal point etc.)Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
Inggin menggunakan skrip ini pada chart?
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.