[Volume Profile] Signal Clean Up Analysis with Backtest (TSO)

Script from: TradingViewSwingPrice actionBreakoutScalpingTrend followingMomentumVolumeVolatility

The [Volume Profile] Signal Clean Up Analysis with Backtest (TSO) is a trading system indicator that employs a custom algorithm to generate entry signals based on Volume Profile data. It provides take profit and stop loss levels and allows for both singular and combined usage of two distinct signal sources. Signal quality is enhanced through a robust cleanup and analysis protocol, with support for various timeframes and no repaint due to confirmed close candle bar computations. The system offers deep backtesting features, customizable trading schedules, three trading systems, and multiple profit targets, alongside sophisticated stop-loss strategies that secure profits. Traders can also benefit from comprehensive signal source analysis, which includes correlation with VWAP, EMA, ATR, EWO, and divergence indicators for MACD+RSI, all equipped with advanced alert setups compatible with automated trading bots.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings.

2,706backtests3 markets

20robust scoreranked median 52

0.31p-valueranked median 0.24

2/102pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

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Repainting audit

Not run yet.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 1.23 (p = 0.31), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

2 of 102 backtests with more than 15 trades pass our quality gate.

Robust score

20/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

1.23

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,706 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
SciSparc Ltd. NASDAQ:SPRC	15m	+523%	1.37	283	59%
Rent the Runway, Inc. NASDAQ:RENT	4H	+213%	1.27	47	61%
KeyCorp NYSE:KEY	2H	+181%	1.12	347	55%
Novavax, Inc. NASDAQ:NVAX	1H	+149%	1.11	766	80%
DISH Network Corporation NASDAQ:DISH	2H	+143%	1.12	340	54%

⚠Selected after the fact: these are the best 5 of 2,706 runs, not what to expect from this strategy.

Is [Volume Profile] Signal Clean Up Analysis with Backtest (TSO) profitable?

Not reliably, based on our tests. Across 2,706 backtests, 2 of 102 with more than 15 trades pass our quality gate. The best result is +523% on SciSparc Ltd. (15m, 283 trades). On average, its results are statistically indistinguishable from chance (p = 0.31).

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