Best TradingView Indicator? | Trend Meter Trading Strategy Tested (100 Times) + Free Indicator
Doesn't work
No edge after realistic trading costs
- trades tested
- 1,332
- per trade after costs
- -0.67bp
- winners
- 36%
- years of data
- 4.8
On the BTCUSDT 30-minute chart, go long when the Trend Meter prints its signal dot with all three meter rows green (fast MACD 8/21/5 cross, RSI 13 > 50, RSI 5 > 50), both trend-bar lines are green (EMA 5/11 and 13/36 MA crossovers) and the 50 EMA is above the 200 EMA; mirror for shorts. Stop is 2 x ATR and take profit 4 x ATR (1:2).
The exact rules we tested
- 01Instrument: BTCUSDT | Signal timeframe: 30m | Direction: both
- 02LONG when: [(macdf.line > macdf.signal) AND (rsi13 > 50) AND (rsi5 > 50)] just became true this bar
- 03SHORT when: [(macdf.line < macdf.signal) AND (rsi13 < 50) AND (rsi5 < 50)] just became true this bar
- 04Long filter: (ema50 > ema200) AND (ema5 > ema11) AND (ema13 > sma36)
- 05Short filter: (ema50 < ema200) AND (ema5 < ema11) AND (ema13 < sma36)
- 06Entry: market at next bar open
- 07Stop: 2 x ATR(14)
- 08Target: 4 x ATR(14)
- 09Where emadist = ema50 minus ema200