I Backtested TradingView’s Top Indicators – here are BEST and WORST performers
Again, I spent a lot of time backtesting top indicators on TradingView because I have no life. I judged results based on Profit Factor, Kelly Criterion, and Win Ratio.
*you can see my previous post with other top indicators here
- Indicators: MA (21/50), ATR (10,3), ADX (cross), Parabolic SAR
- Types of option strategies backtested: long call/put, Debit spread, credit spread
- Timeframes: 30 min, 1h, 2h
- Tickers: QQQ, SPY, Mag7
- The option backtester used: 2moon.ai
\**I didn't exclude earnings dates, stock splits etc, so that might have affected the results* (but I look at the combination of the kpi's to minimize skewed data)
✅Best Performers
- ATR - Credit Spread- 1h, GOOGL
- Profit Factor: 3.9607
- Win Ratio: 50.00%
- Kelly Criterion: 0.3738
- MA-Credit Spread-1h, NVDA)
- Profit Factor: 3.6915
- Win Ratio: 63.16%
- Kelly Criterion: 0.5318
- MA-Credit Spread-30min, AMZN
- Profit Factor: 3.5487
- Win Ratio: 47.44%
- Kelly Criterion: 0.3262
- PSAR - Credit Spread- 2h, Ticker: NVDA
- Profit Factor: 3.0602
- Win Ratio: 65.48%
- Kelly Criterion: 0.5419
❌Worst performers
ADX-Long Call | Put-2h (Ticker: GOOGL)
ATR - Long Call | Put-2h (Ticker: AMZN)
ADX-Credit Spread-1h (Ticker: AMZN)
MA-Long Call | Put-1h (Ticker: META)
- MA-Long Call | Put-2h (Ticker: META)Profit Factor: 0.2154 Win Ratio: 11.11%
Full results: - google sheet
Let me know what other popular indicators I should backtest
