SSL + Wave Trend Strategy

Script from: TradingViewIntradayTrend followingMomentumBreakoutVolume

The SSL + Wave Trend Strategy is a systematic approach incorporating SSL Hybrid, SSL Channel, and Wave Trend indicators for trade entries and exits, with the ability to configure stop loss, take profit, risk-reward ratios, and backtesting parameters. It enables visual aids like TP/SL boxes and information labels for easier analysis and offers alerting features for both long and short positions. Key entry conditions include SSL color shifts, channel crossovers within Keltner Channels, and non-contact with EMAs for profit targets.

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. The script itself passed our repainting audit.

2,076backtests3 markets

24robust scoreranked median 52

0.52p-valueranked median 0.24

2/57pass quality gatebacktests >15 trades

Audit details

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

Repainting audit

7 of 8 checks passed.

line.new() or array.new() created on every bar without var qualifier

Found on lines 369, 370, 371, 376, 377, 378. Create objects once (var) or gate creation with barstate.isfirst/na checks.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 0.79 (p = 0.52), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

2 of 57 backtests with more than 15 trades pass our quality gate.

Robust score

24/100, 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.

0.79

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,076 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Macy's Inc NYSE:M	15m	+110%	1.61	168	16%
American Airlines Group, Inc. NASDAQ:AAL	15m	+83%	1.52	161	11%
Marpai, Inc. NASDAQ:MRAI	1H	+23%	3.58	17	3%
CarMax Inc NYSE:KMX	1H	+21%	2.13	31	5%
American Eagle Outfitters, Inc. NYSE:AEO	15m	+21%	1.16	146	18%

⚠Selected after the fact: these are the best 5 of 2,076 runs, not what to expect from this strategy.

Is SSL + Wave Trend Strategy profitable?

Not reliably, based on our tests. Across 2,076 backtests, 2 of 57 with more than 15 trades pass our quality gate. The best result is +110% on Macy's Inc (15m, 168 trades). On average, its results are statistically indistinguishable from chance (p = 0.52).

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