Momentum Swing is an indicator, not a strategy, that marks Long and Short signals when a MACD cross coincides with an oversold or overbought RSI reading and ADX above 25.
Momentum Swing plots fast and slow EMAs, colors bars when volume exceeds a multiple of its 50-bar average, and draws ATR-based stop loss reference lines from the latest signal. It places no orders. It draws on the price chart.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast EMA Length
int
5
fast_length
Slow EMA Length
int
12
slow_length
RSI Length
int
14
rsi_length
ADX Period
int
14
adxPeriod
ATR Length
int
14
atrLength
High Volume Multiplier
float
2.0
high_volume_multiplier
Show Entry Signals
bool
true
i_showSignals
Show Volume-Colored Bars
bool
true
i_showVolBars
Show ATR Stop Loss Lines
bool
true
i_showSLlines
ATR Stop Loss Multiplier
float
2.0
atr_sl_mult
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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