OPEN-SOURCE SCRIPT
Swing Trading with Mean Reversion - Stonk_BUD
The Swing Trading Analyzer is built for traders looking to catch medium-term swing trading opportunities. It combines trend-following techniques with mean reversion strategies, making it a versatile tool for analyzing daily and weekly charts.
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#### **Key Features**
- **Moving Average Crossovers**
Tracks 10-day and 50-day moving averages to identify trend shifts. You'll see clear signals for bullish (BUY) and bearish (SELL) momentum.
- **Mean Reversion Analysis**
Uses Bollinger Bands and Z-score calculations to pinpoint overbought and oversold conditions. These tools help confirm when the price is stretched and likely to reverse back toward the mean.
- **Swing Trading Focus**
Designed specifically for daily and weekly timeframes, this indicator avoids the noise of intraday trading and helps you focus on bigger moves.
- **Visual and Alert System**
Plots clear BUY and SELL signals directly on your chart, with optional background highlights for overbought (red) and oversold (green) zones. Plus, you can set custom alerts to get notified when signals trigger.
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#### **How It Works**
- **Buy Signals**: Triggered when the 10-day moving average crosses above the 50-day moving average, and the price shows oversold conditions (Z-score < -2 and price below the lower Bollinger Band).
- **Sell Signals**: Generated when the 10-day moving average crosses below the 50-day moving average, with overbought confirmation (Z-score > 2 and price above the upper Bollinger Band).
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Who It's For
- Swing traders looking for reliable signals to ride medium-term market trends.
- Anyone who wants a blend of trend-following and mean reversion strategies.
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**Pro Tip**: Pair this indicator with solid risk management and additional tools like volume analysis for even better results.
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---
#### **Key Features**
- **Moving Average Crossovers**
Tracks 10-day and 50-day moving averages to identify trend shifts. You'll see clear signals for bullish (BUY) and bearish (SELL) momentum.
- **Mean Reversion Analysis**
Uses Bollinger Bands and Z-score calculations to pinpoint overbought and oversold conditions. These tools help confirm when the price is stretched and likely to reverse back toward the mean.
- **Swing Trading Focus**
Designed specifically for daily and weekly timeframes, this indicator avoids the noise of intraday trading and helps you focus on bigger moves.
- **Visual and Alert System**
Plots clear BUY and SELL signals directly on your chart, with optional background highlights for overbought (red) and oversold (green) zones. Plus, you can set custom alerts to get notified when signals trigger.
---
#### **How It Works**
- **Buy Signals**: Triggered when the 10-day moving average crosses above the 50-day moving average, and the price shows oversold conditions (Z-score < -2 and price below the lower Bollinger Band).
- **Sell Signals**: Generated when the 10-day moving average crosses below the 50-day moving average, with overbought confirmation (Z-score > 2 and price above the upper Bollinger Band).
---
Who It's For
- Swing traders looking for reliable signals to ride medium-term market trends.
- Anyone who wants a blend of trend-following and mean reversion strategies.
---
**Pro Tip**: Pair this indicator with solid risk management and additional tools like volume analysis for even better results.
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Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
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