We are sharing this pinescript strategy code for people who use the LuxAlgo® Signals & Overlays™ indicator on Tradingview. LuxAlgo® charges for this technical indicator, and it is quite elaborate in terms of the setup and configuration. We developed a Pinescript strategy to help backtest the indicator on historical data. While LuxAlgo® also provides a backtesting indicator for this strategy, we wanted to make one that was very simplified.
You must have LuxAlgo® Signals & Overlays™ (a paid indicator) on the chart as well as this Simple Backtester. In the configuration of Inputs, the drop down menus must be assigned the correct LuxAlgo signal, which will be in the list if you have correctly added their indicator to your chart already.
This “strategy” file is strictly used for backtesting the settings and alerts of the Signals & OverlaysTM indicator. Keep in mind that the results are not an indication of future performance, and you can not relay upon backtesting alone to confirm the effectiveness of the indicator. Trading involves risk, so please do not make any assumptions about the success of this strategy.
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