Swing Stock Trarding Buy Signals

Swing Stock Trarding Buy Signals (Bullish Indicator)

Swing Stock Trarding Buy Signals
(Bullish Indicator)

Rules :

Bullish Indicator, Buy whenever Buy Signal is generated.
Exit when Target is Achieved.
Do not use on PENNY STOCKS
It will not give signal on FALLING MARKET
It works on NIFTY 50 Index CHART

Indicator name used:

SWING TRADING BUY SIGNAL WITH 2% Target

(use strategy indicator for exit signals)

Time Frame:

1 Day for Swing Trading

Useful for :

1. Swing Trader

YouTube Link

https://www.youtube.com/watch?v=MNe3im6hj3Q

Code Link

https://docs.google.com/document/d/1I8Zbt6GK2SFwA1QtSwZbo1mbW-b0xupcIYYDXYW-NpY/edit?usp=sharing

Strategy code

ttps://docs.google.com/document/d/11XCMHoQQmgeg0z9AWjLDcxxgu6iDt0Ryw-YGChS8ASQ/edit?usp=sharing

Bajaj Finance 1 Day Time Frame Chart

NIFTY 50 SPOT CHART

//@version=6

indicator("SWING TRADING BUY SIGNAL WITH 2% Target", overlay=true)

// Define Conditions

closeAboveOpen = close > open

// SMA (Simple Moving Averages)

sma5 = ta.sma(close, 5)

sma10 = ta.sma(close, 10)

sma15 = ta.sma(close, 15)

sma20 = ta.sma(close, 20)

// Check if Close is above all SMAs

closeAboveSMA = close > sma5 and close > sma10 and close > sma15 and close > sma20

// RSI Condition

rsiValue = ta.rsi(close, 14)

rsiCondition = rsiValue > 39

// Combine all conditions for Buy Signal

buyCondition = closeAboveOpen and closeAboveSMA and rsiCondition

// Trade Management Variables

var float buyPrice = na

var bool tradeActive = false

// If a new BUY condition is met and no trade is active

if buyCondition and not tradeActive

buyPrice := close

tradeActive := true

// 2% Target Condition

targetPrice = buyPrice * 1.02 // 2% profit target

// If price hits 2% target, reset trade status for next BUY SIGNAL

if tradeActive and close >= targetPrice

tradeActive := false // Reset trade condition to allow new signals

// ✅ FIXED: Ensure Buy Signals Continue Only After 2% Profit is Achieved

plotshape(buyCondition and not tradeActive, location=location.belowbar, style=shape.labelup, color=color.green, size=size.small, title="BUY SIGNAL")

// Label for Buy Signal

if buyCondition and not tradeActive

label.new(x=bar_index, y=low, text="BUY SIGNAL", color=color.green, textcolor=color.white, size=size.normal, style=label.style_label_up)

//@version=6

strategy("SWING TRADING strategy with 2% Target", overlay=true, fill_orders_on_standard_ohlc = true)

// Define SMA Conditions for Entry

sma14 = ta.sma(close, 14)

sma28 = ta.sma(close, 28)

longCondition = ta.crossover(sma14, sma28)

// Trade Management Variables

var float buyPrice = na

var bool tradeActive = false

// If crossover happens and no trade is active, enter a long trade

if (longCondition and not tradeActive)

buyPrice := close

tradeActive := true

strategy.entry("My Long Entry", strategy.long)

// 2% Target Condition

targetPrice = buyPrice * 1.02 // 2% profit target

// Close trade at 2% profit and allow new trade

if (tradeActive and close >= targetPrice)

strategy.close("My Long Entry") // Close trade at target

tradeActive := false // Reset trade condition for next BUY