How TradeShields Retains and Updates Economic News Data

The TradeShields Strategy Builder provides users with a robust economic news filter feature to enhance strategy customization. This feature empowers traders to make well-informed decisions by balancing historical context and forward-looking insights.

Efficient Data Retention

TradeShields maintains a rolling 12-month data window optimized for lower timeframe strategies, ensuring relevance and efficiency:

• Past 9 Months: Access to 9 months of historical economic news events enables you to backtest strategies against real-world conditions. This timeframe is particularly effective for lower-timeframe strategies, where understanding how markets recently reacted to similar events is crucial for refining your setups.
• Next 3 Months: By integrating forward-looking economic news data, you can proactively filter your strategies to avoid trading during high-impact events or plan trades around scheduled news releases.

Why 12 Months of Data?

The focus on 9 months of past data and 3 months of future data strikes the perfect balance between:

• Backtesting: The 9 months of historical data provide sufficient context to identify patterns and fine-tune strategies, particularly for day traders and lower-timeframe strategies that rely on recent price behavior.
• Forward Planning: The 3 months of upcoming data ensure that you’re prepared for scheduled high-impact news events, helping you avoid unexpected volatility or strategically position for opportunities.

This streamlined data window keeps the script lightweight and responsive, ensuring smooth performance on TradingView, where lower timeframes demand efficiency.

Regular Updates

To ensure you always have the most up-to-date news data:

• TradeShields updates the economic news feature quarterly.
• Each update retains the most recent 9 months of past data and adds the next 3 months of future data.

User Note:

"If you use the economic news feature, be sure to update your TradingView alerts each quarter when the new script is released. This ensures you’re using the latest news data for optimal strategy execution."

Smarter Trading, Optimized Data

By maintaining this focused 12-month economic news data pool, TradeShields ensures you are equipped with the insights you need to trade smarter, adapt to real-time market conditions, and refine strategies based on recent and upcoming economic events.