Backtesting is a way of evaluating the performance of a trading strategy by simulating its performance on historical data. It involves applying a trading strategy to historical data to see how well it would have performed in the past, and it can be used to estimate the potential future performance of the strategy. Backtesting can be a valuable tool for traders, as it allows them to test their strategies on a large amount of data and to make more informed decisions about which strategies to use. It can also help traders to identify potential problems with their strategies and to make adjustments to improve their performance.
The MarketGod indicator is a technical analysis tool that is used in the stock market to help traders identify potential trading opportunities. It is a custom indicator that is available as a plugin for various charting platforms, such as TradingView and MetaTrader. The MarketGod indicator is based on a combination of technical indicators, such as moving averages, oscillators, and volume data, to provide traders with buy and sell signals. The indicator is designed to help traders identify trends, identify potential entry and exit points, and manage risk. It is important to note that technical analysis tools, such as the MarketGod indicator, are not a guarantee of future performance and should be used as part of a broader trading strategy. Traders should always do their own research and carefully consider the risks and uncertainties involved in any trade before making a decision.
The parabolic SAR (stop and reverse) is a technical analysis indicator used to determine the direction of a stock's price movement and to indicate when the direction is likely to change. It is calculated using the price, time, and volatility of a stock, and is displayed as a series of dots on a chart, either above or below the stock's price. If the dots are below the stock's price, it indicates an uptrend, and if the dots are above the price, it indicates a downtrend. When the position of the dots changes, it indicates a potential change in the direction of the stock's price. The parabolic SAR is often used by traders to determine when to enter or exit a trade.
If we have published an upgrade and you are looking to update your indicator, simply refresh the page and add indicator from the invite only section of your indicator library.
Repainting in Pine Script refers to the phenomenon of an indicator or strategy's output changing as new price bars are added to the chart. This can happen when the indicator or strategy uses data from future bars to calculate its output, which is not available at the time the indicator or strategy is initially calculated. As a result, the indicator or strategy's output may appear to change or "repaint" as new data becomes available. Repainting can be a problem because it can make it difficult to accurately backtest or forward test a strategy, as the strategy's output may change depending on the data that is available. It can also make it difficult for users to interpret the indicator or strategy's output, as it may not be clear what data was used to calculate the output. To avoid repainting, it is important to design indicators and strategies that use only data that is available at the time the indicator or strategy is calculated. This can be achieved by using functions such as sma(), wma(), and ema(), which use only historical data to calculate their output. It is also important to test indicators and strategies thoroughly to ensure that they do not exhibit repainting behavior.
If you are using the search bar to find the MarketGod Indicators, stop. The indicators that are publicly published in the library are no longer supported. They were updated in September 2021 to consolidate all the versions into one. The only way to find the indicator and strategy is through the invite only section of the library. If you do not see the invite only section, we have not added you yet OR the name you've submitted is incorrect.
MarketGod is only on Tradingview at this time. Many users have found Chrome Extensions to convert our alerts into their MT4 or other automated needs but we are not aware of which ones specifically.