Swing-Zone Entries with Price Action, Momentum, and Risk Filters
Summary
This strategy combines recent swing highs and lows with market-regime and entry confirmation filters. Pivot points define potential long and short zones, buffered by average true range (ATR); a configurable wait and candle trigger can be used before entry. Confirmation signals include candle direction, volume relative to its recent average, RSI thresholds, wick rejection, and checks for strong opposing bars. Trend context uses an EMA slope and ADX, while a recent price range identifies non-trending conditions.
Stops are placed using an ATR multiple, and profit targets are derived from a configurable risk/reward ratio. Inputs also provide per-trade risk, a minimum risk amount, and a daily trade cap. The script is designed to send JSON alerts through a webhook and includes options for automated trading, but the supplied document is incomplete: key zone-tracking and order logic is omitted. It reports no backtest results, and its many adjustable thresholds require instrument-specific validation. The stated parameters are defaults or settings, not evidence of effectiveness.
Key ideas
- Recent pivot lows and highs anchor potential long and short entry zones, with buffers based on ATR.
- Entry confirmation can combine candle patterns, volume, RSI, wick rejection, and the absence of strong opposing bars.
- EMA slope and ADX classify trend conditions, while recent highs and lows help identify ranges.
- ATR-based stops and a risk/reward input define protective exits and targets.
- Webhook and automation options are described, but omitted code and absent performance results limit assessment.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.