KING4R_swing

שלשום

General

This script is called "KING4R_swing", designed to identify high-probability swing trading entries based on technical setups. It overlays the chart and uses conditions based on volume, EMAs, SPY index trend, and price structure.

Main Features

User Options:

Enable/disable SPY EMA conditions.

Show/hide checklist and final message.

Adjust label positions (vertical/horizontal).

Local EMAs:

Calculates 13-EMA and 48-EMA on the current symbol.

Flags whether EMA13 is above EMA48 and whether price is above EMA48.

Volume Spike Detection:

Searches for unusual volume spikes in the last 30 candles.

Then checks 60 candles after the spike for either:

Lateral movement (no new lows).

Higher lows (suggesting a change in structure).

Visual Tags:

When a volume spike is detected, it adds:

“📦 Post-volume Lateral” label if price goes sideways.

“📈 Structure Change” if higher lows are confirmed.

SPY Conditions:

Pulls EMAs from SPY on the daily timeframe.

Two optional conditions: EMA13 > EMA48 and EMA8 > EMA21.

Stopping Volume:

Checks if there's stopping volume in the last 30 candles (volume 1.5x above average).

Checklist + Scoring:

Assigns up to 6 points based on:

EMA13 > EMA48

Lateral structure after high volume

Price above EMA48

Stopping volume

SPY EMA13 > EMA48

SPY EMA8 > EMA21

Each condition adds 1 point.

Dynamic Labels:

Shows a red checklist, a final message with score, and a warning (“NO SETUP, NO TRADE”).

If score is 6/6, shows a 🚀 rocket icon above the bar.

Alert:

Triggers an alert when score = 6/6, indicating a possible high-probability entry.

אתמול

הערות שחרור

General

This script is called "KING4R_swing", designed to identify high-probability swing trading entries based on technical setups. It overlays the chart and uses conditions based on volume, EMAs, SPY index trend, and price structure.

Main Features

User Options:

Enable/disable SPY EMA conditions.

Show/hide checklist and final message.

Adjust label positions (vertical/horizontal).

Local EMAs:

Calculates 13-EMA and 48-EMA on the current symbol.

Flags whether EMA13 is above EMA48 and whether price is above EMA48.

Volume Spike Detection:

Searches for unusual volume spikes in the last 30 candles.

Then checks 60 candles after the spike for either:

Lateral movement (no new lows).

Higher lows (suggesting a change in structure).

Visual Tags:

When a volume spike is detected, it adds:

“📦 Post-volume Lateral” label if price goes sideways.

“📈 Structure Change” if higher lows are confirmed.

SPY Conditions:

Pulls EMAs from SPY on the daily timeframe.

Two optional conditions: EMA13 > EMA48 and EMA8 > EMA21.

Stopping Volume:

Checks if there's stopping volume in the last 30 candles (volume 1.5x above average).

Checklist + Scoring:

Assigns up to 6 points based on:

EMA13 > EMA48

Lateral structure after high volume

Price above EMA48

Stopping volume

SPY EMA13 > EMA48

SPY EMA8 > EMA21

Each condition adds 1 point.

Dynamic Labels:

Shows a red checklist, a final message with score, and a warning (“NO SETUP, NO TRADE”).

If score is 6/6, shows a 🚀 rocket icon above the bar.

Alert:

Triggers an alert when score = 6/6, indicating a possible high-probability entry.