SB Master Chart (Success Rate Calculator)
This is a table addon that calculates in real-time the success rate of my indicator.
The script has 4 cells that are located in a table top and center of the chart.
Top Left measures the success of oversold + high volume signals, top right is overbought + high volume signals.
Bottom left measures oversold reversal signals and bottom right measures overbought reversal signals.
There are two configurable options.
Lookback Success Calculations (Bars)
This setting is used to determine what a success is. For example. If the signal fires, the value when the signal fires is considered the cost basis. The number in this settings represents how many bars into the future we test for a failure or success. For example if the setting is 5, we would want a close above our cost basis within 5 bars from the signal.
Lets use the daily chart as a quick example.
If today the signal goes off and we have a settings of five, in five days (5bars) if there is a close above todays close, we count that as a success. If there is not, we count that as a failure.
Start Date Settings
This setting is used to limit the amount of data we gather for testing. For example, we may want to only know how many successes we want since the start of the year. This is the default setting, you can set it for an earlier date in time if you wish to gather more data.
Future todo updates: Adjust cell color based on values. Right now its defaulted to green.
The script has 4 cells that are located in a table top and center of the chart.
Top Left measures the success of oversold + high volume signals, top right is overbought + high volume signals.
Bottom left measures oversold reversal signals and bottom right measures overbought reversal signals.
There are two configurable options.
Lookback Success Calculations (Bars)
This setting is used to determine what a success is. For example. If the signal fires, the value when the signal fires is considered the cost basis. The number in this settings represents how many bars into the future we test for a failure or success. For example if the setting is 5, we would want a close above our cost basis within 5 bars from the signal.
Lets use the daily chart as a quick example.
If today the signal goes off and we have a settings of five, in five days (5bars) if there is a close above todays close, we count that as a success. If there is not, we count that as a failure.
Start Date Settings
This setting is used to limit the amount of data we gather for testing. For example, we may want to only know how many successes we want since the start of the year. This is the default setting, you can set it for an earlier date in time if you wish to gather more data.
Future todo updates: Adjust cell color based on values. Right now its defaulted to green.
Phát hành các Ghi chú:
Updated to include average gain. This should give the SB Master Chart signal trader better profit targets/expectations from signals.
Phát hành các Ghi chú:
Converted the table to labels which more clearly demonstrate the calculation after each signal.
Disclaimer: I am not a financial advisor. Do not take anything on here, twitter or stocktwits as financial advice, ever. Do your own research. Consult a professional investment advisor before making any investment decisions!