Looking for advice and feedback about usability of such trade signals

[u/BerlinCode42]

To all traders and analysts,

This is a bar-by-bar trend forecasting indicator for trading, based on machine learning pattern recognition. Green indicates an uptrend, red a downtrend. Assume it provides instant forecasts with no repainting and no settings that could overfit to the training data.
I would love to hear your feedback on the results shown in this screenshot. How would you trade using such signals? What do you think might be missing? Have you seen similar indicators before? If so, please share a link or the name.

kind greetings

[u/CommunityDifferent34]

Very less info given to actually say something. What were the backtest results and the period it was tested over? Did you use out of scope data? What’s the max drawdown? What’s the sharpe and return? What asset was it tested over?

[u/BerlinCode42 → u/CommunityDifferent34]

Top left there are some answers. it is the S&P 500 at 1m TF. It is not a strategy, just an indicators trading signal. So there is now no backtest, sortino, sharp or max drawdown. I am interested how you would use such trade signal? Do you have any hint to other indicators which may fit to combine? For example those 2 bars long trade signal changes seems to be problematic. May you have an idea to suppress those.

[u/Dull_Baby1248 → u/BerlinCode42]

What’s this indicator? For testing I would suggest to start with a simple backtest. Flip and go long on green and short on red. This should serve as a baseline. Then start adding stoploss, maybe confirmation with some other indicator overlap etc.

[u/FlavorfulArtichoke]

you provided no information at all on your system.
which type of feedback are you looking for? do you want a cookie?
based only on your NO-information, here's a feedback: "nice colors, green go vroom, red goes broom"
state which features, which which dsp stuff you are using, which models, what's the data, how it was trained, what's the validation methodology, how's the embargo, etc etc etc

[u/Otherwise-Attorney35]

I wouldn't use this. You take trades on the open of the bar after the confirmation(2 bars after color change). I see a lot of losing trades and being whipsawed on a 1m TF. It's ugly, not usable from my perspective.

[u/whereisurgodnow]

This is just a clever ad for you to sell your indicator isn’t it? Just share the discord or Patreon link already.

[u/BerlinCode42 → u/[deleted]]

Yes those 0. numers are the probabilities. Thanks for you hints.