Backtester/ Strategies

In TradingView, a strategy or backtester is a tool that allow traders to evaluate the performance of trading strategies by simulating trades based on historical data. Strategies are scripts written in Pine Script, TradingView's proprietary programming language, that define the conditions for entering and exiting trades. The backtester executes these strategies on past market data to generate performance metrics, including profit and loss, win rate, drawdown, and more. This helps traders assess the viability and effectiveness of their strategies before applying them in live trading environment.