Overview

What is the PSStrategyX?

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Last updated 2 years ago

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Overview

What is the PSStrategyX?

The PSStrategyX tool is the first in a series of indicators developed by PineScriptStrategy.com

Why Is It Called PSStrategyX?

PSS is an acronym for PineScriptStrategy.com

StrategyX is a play on words, representing the tools ability to provide a variable (x) strategy.

The PSStrategyX reduces the amount of time it takes to turn any indicator into a live trading bot. It will convert signals into alerts that will be sent to an exchange for live trading.

It features a broker connector to automate alert syntax and connect with third-party exchanges to live trade strategies with minimal setup.

It also includes a built-in backtester with customizable options to speed up backtesting, trade-by-trade statistics, and a strategy summary to help traders make informed decisions.

The documents here-in offer step-by-step instructions on using the PSStrategyX to backtest/forwardtest and live trade indicators without the need to manually convert your indicator to a strategy and write complex rules.

In a nutshell 🥜

This tool is designed to streamline and optimize the strategy testing process with Pine Script on TradingView. Whether you are a seasoned pro or new to the platform, this tool will save you time, hassle, and resources.

The PSStrategyX trading tool is designed to provide traders with a range of benefits, including:

Increased confidence in their strategies.
Better understanding of the accuracy of indicator signals.
Simplified automated trading through third-party broker connections.
Reduced time to develop strategies.

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What Is Pine Script?

Pine Script is a programming language developed by TradingView for use in creating custom technical indicators and trading strategies for financial charts on the TradingView platform. It is based on the Easy Language programming language, which was originally developed for use with the TradeStation platform. Pine Script is a relatively simple and easy-to-learn language, making it accessible to traders and investors who want to create custom studies and strategies for their own use or for sharing with others.

What Is TradingView?

TradingView is a financial platform that offers real-time stock and cryptocurrency market data, as well as technical analysis tools and user-generated content for individual investors. It is a popular destination for traders and investors to share their charts and ideas, and to learn from each other. The platform also offers a range of paid subscription services, such as access to advanced charting tools and real-time market data feeds.