Combining PSAR, Supertrend, ADX, and Estimated Volume Delta for Swing Signals

Summary

This strategy combines directional filters to generate long and short signals. Parabolic SAR and Supertrend provide direction, a custom smoothed ADX calculation requires trend strength above a threshold, and an estimated liquidity delta must be positive for buys or negative for sells. Each indicator can be switched off, and trades can be restricted to long-only, short-only, or both directions. Entries are sized as a percentage of equity, with optional percentage stop-loss and take-profit exits.

The script includes chart markers and an information panel, and sets commission, slippage, and a date window. It does not provide measured returns, trade statistics, or validation despite comments describing settings as recommended. The stated timeframe guidance conflicts within the document, and the delta is inferred from candle prices and volume rather than bid and ask transactions. The ADX implementation and strategy behavior therefore need independent review and market-specific testing before its signals can be assessed.

Key ideas

• Long and short signals require agreement among enabled direction and strength filters.
• The strategy uses PSAR, Supertrend, a custom ADX calculation, and a volume-based delta estimate.
• Indicator switches allow selected filters to be disabled, and direction can be constrained.
• Position size is set as a share of equity with optional fixed percentage exits.
• The document reports no backtest results, and its delta is an estimate rather than transaction-level order flow.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.