Swing-Zone and SMA Signals with Order-Block Confirmation and Stops
Summary
This low-timeframe strategy combines recent swing highs and lows with a simple moving average to define potential trade setups. It treats the midpoint between the latest swing extremes as equilibrium, with the extremes marking premium and discount areas. A long setup requires price below equilibrium, above the swing low, and above the moving average; the short setup applies the converse conditions around equilibrium and the swing high. It adds a simple order-block confirmation based on the highest and lowest prices over a recent window, and allows long-only, short-only, or two-way trading.
The script sets position size as a percentage of equity and specifies a percentage stop loss; a take-profit input appears disabled in the excerpt. The supplied document ends partway through the stop-price logic, so full exit behavior cannot be assessed. It includes no backtest results, market specification, or evidence that the signals are profitable. The swing and order-block definitions are simplified, configurable price-window rules, not a detailed market-structure analysis.
Key ideas
- The strategy uses recent swing extremes to define equilibrium and premium or discount areas.
- Long and short setups combine those zones with the direction implied by a moving average.
- A recent high-low range provides a simple order-block confirmation condition.
- Users can select long-only, short-only, or two-way trading and set a percentage stop loss.
- The excerpt is incomplete and provides no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.