Strategy #3 HalfTrend (Originally By everget)

Script from: TradingViewSwingTrend followingVolatility

Utilize the HalfTrend indicator for entry signals and employ fixed percentage or ATR multipliers for establishing multiple take profit levels. Adjust the trading period parameters to refine backtesting accuracy.

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.

1,947backtests3 markets

40robust scoreranked median 52

0.23p-valueranked median 0.24

8/105pass quality gatebacktests >15 trades

Audit details

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

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 1.93 (p = 0.23), below the median of 1.98 (p = 0.24) for ranked strategies.

✓

Quality gate

8 of 105 backtests with more than 15 trades pass our quality gate.

Robust score

40/100, 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.

1.93

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 1,947 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Block, Inc. NYSE:SQ	2H	+194%	1.68	579	15%
BILL Holdings, Inc. NYSE:BILL	1H	+154%	1.24	1,008	42%
HENRY HUB NATURAL GAS FUTURES NYMEX:NG1!	2H	+142%	1.18	1,379	33%
AT&T Inc. NYSE:T	1H	+95%	1.40	578	19%
Pinterest, Inc. NYSE:PINS	2H	+79%	1.27	603	20%

⚠Selected after the fact: these are the best 5 of 1,947 runs, not what to expect from this strategy.

Is Strategy #3 HalfTrend (Originally By everget) profitable?

Not reliably, based on our tests. Across 1,947 backtests, 8 of 105 with more than 15 trades pass our quality gate. The best result is +194% on Block, Inc. (2H, 579 trades). On average, its results are statistically indistinguishable from chance (p = 0.23).

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