𝑷ortfolio𝑴𝑨𝑺𝑻𝑬𝑹 [BitAura]

𝑷ortfolio𝑴𝑨𝑺𝑻𝑬𝑹 [BitAura]
This Pine Script® indicator is meant to be used to manage a Barbell Portfolio composed of BitAura's various strategies in order to create a risk-reward balance for the investor's needs. The Portfolio is divided in two main parts, one being a lower-risk Bitcoin-only strategy while the other being the higher-risk, higher-reward 𝐑otation𝑺𝑼𝑰𝑻𝑬 V3 system. The user can choose the percentage splits between these two systems and then also configure them based on their risk profile.

Logic and Core Concepts
The 𝑷ortfolio𝑴𝑨𝑺𝑻𝑬𝑹 System uses the Barbell Portfolio theory to create a portfolio taylored for the final user and automatically calculates dollar allocation based on inputted settings.

Features

• 𝐑otation𝑺𝑼𝑰𝑻𝑬: our advanced Strategy which allocates to the strongest asset amongst a pool of 4 Major Crypto Tokens, or de-risk to USD when these lack momentum.
  
• BItcoin-only Strategy: This is theoretically a lower-risk system compared to 𝐑otation𝑺𝑼𝑰𝑻𝑬 and is made out of Universal Trend Following strategies. There are two variants, one being a Long-Term strategy (𝐂ycle𝑽𝑰𝑺𝑰𝑶𝑵) while the other one being of Medium-Term speed (𝐒wing𝑽𝑰𝑺𝑰𝑶𝑵).
  
• Customizable Inputs: Allows users to adjust table settings, backtest date ranges, portfolio splits and portfolio dollar allocations.
  
• Visual Outputs:
  Allocation Table: Displays calculated allocation to each system based on user settings.
  Equity Plots: Plots the Barbell Portfolio performance along with the two individual systems equities and allow comparisons between them and to Bitcoin Buy & Hold.
  
• Color Presets: Offers five color themes (e.g., Arctic Blast, Fire vs. Ice) or custom color options for long/cash signals.
  
• Pine Script v6: Leverages matrices, tables, and gradient coloring for enhanced usability.
  

How to Use

• Add to Chart: Apply the indicator to any chart on the 1D timeframe. The ticker doesn't matter as it doesn't affect the calculations, just make sure the ticker start date is earlier than the Backtest Start date applied in the script settings.
  
• Input Portfolio size: Adjust the Dollar Portfolio size in the script settings in order to obtain accurate Portfolio Allocations in the respective table. Note that BitAura can't and won't be able to access your portfolio size.
  
• Choose Barbell Split: Adjust based on your risk-profile how much to allocate to your preferred Bitcoin Strategy (default 70%) and how much to allocate to 𝐑otation𝑺𝑼𝑰𝑻𝑬 (default 30%).
  
• Configure Systems: Select your preferred allocation type for 𝐑otation𝑺𝑼𝑰𝑻𝑬. Aggressive allocates 100% to the dominant asset, Moderate allocates 80% to the dominant asset and 20% to the second strongest one while Conservative does a 60/40 split between the first two assets.
  
• Configure Settings: Adjust backtest start date (default: 31 Oct 2024) to properly track the Portfolio's performance.
  
• Select Color Theme: Choose a preset color mode (e.g., Arctic Blast) or enable custom colors in the Colors group.
  
• Monitor Outputs: Check the Table for Allocations and system signals, and view the equity curves to view the portfolio's performance.
  

Notes

• The script is closed-source.
  
• The script avoids lookahead bias by using barmerge.lookahead_off in request.security() calls.
  
• The BitAura watermark can be toggled in the Script Settings.
  

Disclaimer: This script is for educational and analytical purposes only and does not constitute financial advice. Investing involves significant risk, and past performance is not indicative of future results. Always conduct your own research and apply proper risk management.