This Strategy is best used on 5min or 15min charts.
!!!! very important !!!!
Due to decay, leveraged ETFs will give false results if the price gets far out of range. For example, your is trading around $20 and you choose a 1 hour chart, it may back test back to a time before a reverse split. If the price gets to be too large, like $200, or $1200, the movement on the chart creates false indication of profit/loss.
Most important. Do not trade off this strategy, you may lose lots of money. This is for educational use only.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.