Multi-Session Swing-Failure Strategy with Delta and POC Context
Summary
This script combines swing failure pattern (SFP) signals with a 200-period EMA direction filter and optional London, New York, and Asia session filters. It enters long when price moves below the prior ten-bar low and closes back above it, or short when price moves above the prior ten-bar high and closes back below it. Users can select the signal timeframe and configure fixed percentage stop-loss and take-profit levels, with an optional trailing stop.
The script also estimates intrabar buying and selling volume from one-minute bars, marks repeated points of control as zones, and displays a price-level delta profile. These elements provide chart context; the stated entry conditions rely on SFPs, trend, and session eligibility. A dashboard reports win rate, net profit, and trade count, but the document supplies no strategy performance results. Its volume delta is inferred from price movement, and the code is a configurable backtest script, so results depend on instrument, timeframe, settings, and execution assumptions.
Key ideas
- Long and short entries use reversals back through recent ten-bar extremes as swing failure signals.
- An EMA filter can restrict trades to the prevailing direction, while session settings can limit eligible hours.
- Fixed percentage stops and targets are set from average entry price, and an optional trailing stop can be enabled.
- Intrabar delta, clustered POC zones, and a price-level profile are visual context rather than stated entry triggers.
- The document provides configurable backtest reporting but no evidence of profitability.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.