TI - Backtest

*This is a private script for Personal Use. To avoid any Trade Mark violations, the official math rules have been slightly optimized & name changed.

The Time Indicator - Backtest gets its inspiration from the classic and trademarked work of Tom Demark (with one of the biggest differences being the elimination of the "Price Flip" being a necessary condition to start a "Setup"). The word 'backtest' means that this indicator is displaying a count on every single candle and is ideal for backtesting strategies vs the regular Time Indicator that is only displaying numbers on recent candles. You should be very familiar with traditional trading techniques & the Tom DeMark's indicators in order to follow this one & also understand how it is different. Here is a very good presentation on it as part of Bloomberg's Market Essentials Trading Education Series.

The Chart below displays the features of the Indicator, but it is still a work in progress, additional features will be added soon in future updates.