ZLSMA + Chandelier Exit

Script from: TradingViewSwingTrend followingCandlestick

The ZLSMA + Chandelier Exit strategy aims to capitalize on market trends, but the claimed 92% win rate isn't accurate, even with Heiken Ashi candles. Backtests using zero trading fees show discrepancies in profitability. Experimentation and adjustment may lead to improved results. Originally combined by @veryfid and @everget.

Audit verdict

ArchivedRemoved from TradingView

No longer on TradingView

We can't re-run or audit this script anymore. The backtests below were run while it was public and are no longer updated.

1,135backtestsarchived

37robust scoreranked median 52

0.25p-valueranked median 0.24

—repaint auditsource unavailable

Audit details

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

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Repainting audit

Not performed: the source code is no longer accessible.

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Script availability

Removed from TradingView. You can't add it to a chart anymore.

Statistical edge

Average t-statistic 1.52 (p = 0.25), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 49 backtests with more than 15 trades passes our quality gate.

Robust score

37/100, 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.

1.52

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 1,135 backtests

Shown for transparency. Frozen results, no longer updated.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Citigroup, Inc. NYSE:C	4H	+550%	1.25	641	27%
Renault EURONEXT:RNO	1D	+251%	1.32	309	31%
Stellantis NV EURONEXT:STLAP	1D	+178%	1.19	295	38%
GALA / TetherUS BINANCE:GALAUSDT	1D	+169%	2.08	42	25%
Citigroup, Inc. NYSE:C	2H	+165%	1.14	942	51%