Weekly Triple-Confirmation Entries with Swing Stops and Partial Exits
Summary
This weekly long strategy combines three entry filters: price must lie between two Hull moving averages, the MACD histogram must be below zero, and both a short RSI series and its smoothed average must cross above a longer RSI weighted average on the same bar. A confirmed weekly pivot low supplies the stop reference, while the highest high over a configurable lookback, excluding the current bar, sets the target. The script also checks daily price changes while operating on a weekly chart, selling part of the initial position after a positive threshold and permitting a smaller re-entry after a sufficiently negative daily move.
The source specifies indicator settings, a percentage commission assumption, and close-based order processing, but gives no backtest results, sample assets, evaluation period, or comparison. Daily triggers are drawn into a weekly-chart strategy, so execution behavior depends on how the platform maps the daily series and orders to weekly bars. The accompanying stock-screening suggestions are qualitative and are not tested in the document. The strategy is long-only and its sizing, stop placement, and partial-order interactions merit independent review.
Key ideas
- Entries require price between two Hull averages, a negative MACD histogram, and simultaneous RSI crossovers.
- A confirmed pivot low sets the stop reference, while prior highs over a lookback define the target.
- Daily gains can trigger a partial reduction, followed by a smaller re-entry after a daily decline.
- The document provides code and assumptions but no reported performance evidence or tested assets.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.