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levieux
16 lis 2021 20:06

Monthly Returns in Strategies with Market Benchmark 

Opis

This is a modified version of this excellent script Monthly Returns in PineScript Strategues by QuantNomad

I liked and used the script but wanted to see how strategy performed vs market on each month/year. So I am sharing back.

The modification consists in adding Market or Buy & Hold performance between parenthesis inside each cell to better see how strategy performed vs market.

Also, 3 red levels and 3 green levels have been used :
For green :
1/ Light when strategy pnl > 0 but < market
2/ medium when strategy pnl > 0 and > market
3/ Dark when strategy pnl > 0 and market < 0 or pnl > market x 2

Same logic in the opposite direction for red.

The strategy provided here is just a showcase of how to use the table in pine script.

Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.

Informacje o Wersji

Refactor code

Informacje o Wersji

Fixed bug with red color level

Informacje o Wersji

Get number precision as input (0 => no digit after the decimal point, 1 => 1 digit after decimal point etc.)
Komentarze
Ether2020
Amazing work my friend and incredible usefull! TOP! Thanks so much!
levieux
@Ether2020, Thanks dude ! Credits go as well to @QuantNomad for the original script.
Best Regards
BillionaireLau
name it as "versus buy and hold" would be more appropriate
levieux
@BillionaireLau, thanks. i can't find a way to edit the script name. I did it in pine script code but can't change it on this page.
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