Swing Entries with a 200-Period EMA Filter and SuperTrend

Summary

This swing-trading strategy combines a 200-period exponential moving average with a SuperTrend indicator using a 10-period setting and a multiplier of 5. It opens a long when SuperTrend indicates an upward direction, price is above the EMA, and the EMA is rising. The short rule mirrors those conditions below a falling EMA, though short trading is disabled by default. Open positions close when SuperTrend changes direction.

The script exposes switches for long and short trades and plots the indicators and qualifying entry conditions. The accompanying description suggests several timeframes and mentions an optional fixed risk-to-reward target, but that target control does not appear in the supplied code; the implemented exit is the SuperTrend flip. No performance table or test methodology is included, so claims about effectiveness and the suitability of particular settings cannot be evaluated from this document. The EMA and SuperTrend conditions define a trend-following template, not evidence that it will work across stocks, indices, or timeframes.

Key ideas

• Long entries require bullish SuperTrend direction, price above the 200-period EMA, and a rising EMA.
• Short entries use the inverse conditions, but the short-trade switch is off by default.
• Positions close when SuperTrend changes direction.
• The published code does not include the fixed-target option described in the accompanying text.
• The document provides no test results or methodology to establish performance across assets or timeframes.

Tags

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