Golden Swing Strategy - Signal/Entry/SL/Target🔍 Golden Swing Strategy – Visual Indicator
This indicator combines momentum, trend direction, and volatility filters into a unified signal framework designed for swing trading. It generates buy/sell signals only when multiple conditions align, providing high-confluence trade setups with dynamic risk management.
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🚀 Strategy Logic:
This tool uses a confluence of technical indicators to validate trade entries:
• RSI (20): Measures market momentum. Long signals require RSI > 50; short signals require RSI < 50.
• Stochastic (55,34,21): Identifies overbought/oversold turning points for timing.
• Bollinger Band Midline (20,2): Provides a volatility-based context filter.
• Supertrend (10,2): Determines trend direction and serves as dynamic support/resistance.
• ATR (5): Powers risk management features including Stop Loss (SL), Target, and Entry Band calculations.
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✅ Signal Conditions:
• Buy Signal: RSI > 50 + Stoch %K crosses above %D + Price pulls back below Supertrend + Supertrend below BB midline
• Sell Signal: RSI < 50 + Stoch %K crosses below %D + Price pulls back above Supertrend + Supertrend above BB midline
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🎯 Risk Management & Position Sizing:
• Entry Band: Supertrend ± 0.5 × ATR (shaded zone, optional)
• Stop Loss: Supertrend ± 1.1 × ATR (based on previous candle)
• Target: Supertrend ± 2.2 × ATR
• Position Size: Automatically calculated based on max loss input
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⚙️ User Controls:
• All parameters (RSI length, ATR period, SL/TP multipliers, etc.) are fully adjustable
• Toggle each visual element independently:
o Buy/Sell signal markers
o Supertrend plot
o Entry band shading
o SL/TP levels
o Price labels
o Position size label
• Adjust how many recent bars show signals to keep charts clean
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🧠 What Makes This Unique?
While RSI, Stochastics, Supertrend, and ATR are standard tools, this indicator does not simply mash them together. It applies them in a layered logic to:
• Validate trades only when momentum, volatility, and structure align
• Automate visual risk-reward mapping and position sizing
• Provide traders with interpretable, real-time confluence signals with clean visuals
The system is modular, transparent, and optimized for clarity, making it ideal for swing traders who want to reduce noise and make decisions based on multiple confirmations.
