Golden Cross Strategy & Backtester

Golden Cross Strategy & Backtester 📈🚀
Overview
This script provides a complete backtesting environment for the classic Golden Cross trend-following strategy. It is designed to be simple, visual, and easy to use. 💪

The strategy operates on the following logic:

🔼 Long Entry: A "Buy" signal is generated when the short-term moving average (Short MA) crosses above the long-term moving average (Long MA).

🔽 Exit: The position is closed when the short-term moving average crosses back below the long-term moving average (a "Death Cross").

The background of the chart will be shaded green 🎨 during periods when the strategy is holding an active position.

How to Use for Backtesting 🔬
This is a strategy script, which means its main purpose is to test the historical performance of this trading idea.

Add this script to your chart.

Open the "Strategy Tester" panel at the bottom of your chart.

In the "Overview" and "Performance" tabs, you can see detailed results 📊, such as the Net Profit and Max Drawdown, to evaluate the strategy's effectiveness.

Customization ⚙️
You can easily customize the strategy's parameters without editing the code.

Click the Settings/Gear icon (⚙️) next to the script's name on your chart.

In the "Inputs" tab, you can change:

📏 Short MA Length: The period for the fast-moving average (default is 50).

📏 Long MA Length: The period for the slow-moving average (default is 200).

In the "Properties" tab, you can change:

💰 Initial Capital: The starting balance for the backtest.

Feel free to test different settings to find what works best for your preferred asset and timeframe! Happy testing! 🎉