Monthly Returns in Strategies with Market Benchmark

16 thg 11, 2021

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.

16 thg 11, 2021

Phát hành các Ghi chú

Refactor code

16 thg 11, 2021

Phát hành các Ghi chú

Fixed bug with red color level

7 thg 12, 2021

Phát hành các Ghi chú

Get number precision as input (0 => no digit after the decimal point, 1 => 1 digit after decimal point etc.)