Monthly Returns of a Strategy in a Chart

Script from: TradingViewLongTermPrice actionBreakoutReversal

This visualization tool turns a table into a customizable chart to display monthly performance of a trading strategy. Traders can adjust the chart's location, bar size, and color scheme to analyze their strategy's historical returns, courtesy of the collaborative coding effort with @MUQWISHI.

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.

2,108backtests3 markets

32robust scoreranked median 51

0.24p-valueranked median 0.24

0/69pass 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.

strategy() with calc_on_every_tick=true or recalculate_on_every_tick=true

Found on line 4. Disable calc_on_every_tick/recalculate_on_every_tick for stable backtests unless truly required.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 1.87 (p = 0.24), below the median of 1.97 (p = 0.24) for ranked strategies.

Quality gate

None of the 69 backtests with more than 15 trades passes our quality gate.

Robust score

32/100, below the median of 51 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.

1.87

avg. t-statistic

1.97

median, ranked strategies

Best 5 of 2,108 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
NIFTY 50 NSE:NIFTY	1D	+1,322%	2.82	106	44%
Caterpillar, Inc. NYSE:CAT	4H	+1,041%	7.62	59	39%
Newmont Corporation NYSE:NEM	1D	+595%	38.60	14	66%
Carnival Corporation NYSE:CCL	4H	+589%	1.31	1,032	96%
Goldman Sachs Group, Inc. (The) NYSE:GS	4H	+561%	1.20	1,124	74%

⚠Selected after the fact: these are the best 5 of 2,108 runs, not what to expect from this strategy.

Is Monthly Returns of a Strategy in a Chart profitable?

Not reliably, based on our tests. Across 2,108 backtests, 0 of 69 with more than 15 trades pass our quality gate. The best result is +1,322% on NIFTY 50 (1D, 106 trades). On average, its results are statistically indistinguishable from chance (p = 0.24).

Strategies that passed our audit

Ranked strategies from the same family, ordered by robust score.

Passed our auditBjorgum Double TapPrice action · Breakout

71/100robust score

1/40backtests pass quality gate

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53/100robust score

0/31backtests pass quality gate

View backtests →Passed our auditChannels Strategy [JoseMetal]Price action · Breakout

51/100robust score

1/57backtests pass quality gate

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