OPEN-SOURCE SCRIPT
Aggiornato

Swing Strategy with TP Signal, RSI, EMA, Alerts

297
📘 Swing High/Low Strategy with RSI, EMA Filters & TP Signal
This strategy detects swing highs and swing lows in real time and executes trades at key turning points — enhanced by momentum and trend filters.

It’s ideal for traders who prefer to:

Enter near market extremes

Use simple price action + indicator confluence

See clear visual confirmations for entry and take profit

🔍 How It Works
Swing Detection: Uses a custom swing high/low algorithm that spaces signals to avoid clutter.

Buy Setup:

A new swing low is detected

RSI is below a user-defined threshold (default 40 = oversold)

Price is above the EMA (confirming trend support)

Sell Setup:

A new swing high is detected

RSI is above a threshold (default 60 = overbought)

Price is below the EMA (confirming downtrend pressure)

When all conditions are met, the strategy places a market order with:

Stop Loss: % below/above entry (user defined)

Take Profit: % above/below entry

💰 Take Profit Signals
When a trade hits TP, a green or red circle is plotted on the chart to show the exit point

This helps visually confirm that the strategy hit its goal and managed risk correctly

⚙️ Fully Configurable
Swing Length: Number of bars to consider for swing points

Min Bars Between Swings: Avoid overlapping signals

RSI Length and thresholds

EMA Length for trend filtering

TP/SL %: Adjustable per instrument

📈 Great For
Scalping or swing trading

Trend pullback traders

Anyone who likes clean signals with stop/target logic

🔔 Includes Alerts
Real-time alerts for both BUY and SELL setups

Note di rilascio
📘 Swing High/Low Strategy with RSI, EMA, TP/SL, and Live Trendlines
This strategy automatically detects swing highs and lows, then enters trades at key reversal zones with confluence from trend and momentum filters. Designed for traders who want to catch pullbacks or reversals with confirmation and clear risk management.

🔍 How It Works
✅ Swing Detection: Uses real-time logic to find local highs and lows, filtered to prevent noise or overlap.

✅ Trade Entries:

Buy when a swing low forms, RSI is below 40 (oversold), and price is above the 50 EMA.

Sell when a swing high forms, RSI is above 60 (overbought), and price is below the 50 EMA.

✅ SL/TP Included: Fixed Stop Loss and Take Profit (configurable %).

✅ TP Signals: Plots a marker on the candle where Take Profit was hit, for easy visual confirmation.

🟢🔴 Visual Features
Swing Highs and Lows marked on the chart

Buy/Sell signal labels

Green and Red trendlines dynamically updating from the latest swing low/high to current price

EMA plotted for directional bias

TP markers shown when profit targets are reached

⚙️ Inputs You Can Control
Swing length and spacing (how sensitive the pivots are)

RSI and EMA lengths

Thresholds for RSI filtering

Stop loss and take profit percentages

🔔 Alerts Included
BUY and SELL alerts trigger in real time when all conditions align

🧠 Best For:
Intraday reversal traders

Pullback traders who want RSI + EMA confirmation

Clean, mechanical setups with built-in SL/TP

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.