If we test another moving average, let's try 29, and change our step input to 1, we get 85.71 % Percent Profitable with 9.22 % Net Profit. When applying this script to the Bitcoin(BLX) weekly chart with a 21 moving average the strategy tester gives us 33.33 % Percent Profitable results with 6.31 % Net Profit. Some of this has to do with 21 being a Fibonacci sequence number, and also because of how Bitcoin price action has reacted to it's trend line in the past. Many Bitcoin traders use the 21 moving average on the weekly chart to make trading decisions. Keeping this in mind let me give an example how this indicator could be useful in identifying trends. This indicator can quickly and easily identify the past trading success of signals based on moving averages.Īccording to a moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random short-term price fluctuations.
WELCOME to GOAT Signals Custom No Repaint Buy Sell Moving Average (MA) Strategy Tester!
