This swing day trading strategy uses these two key indicators which can be found on TradingView:
- Twin Range Filter Indicator
- Salma Indicator
Swing Day Trading Explained:
Usually swing trading is a style of trading that aims to capture medium-term price movements, typically over a period of days to weeks but can be used on day trading with different time settings, for example a 5 minute chart. Swing day trading seeks to profit from the natural “swing” of price cycles during the day.
Key aspects of swing day trading include:
- Focusing on technical analysis to identify trend reversals and potential entry/exit points
- Balancing the potential for larger gains with reduced trading frequency.
- Suiting traders who can’t monitor markets full-time but want more active involvement than passive investing
This strategy aims to capitalize on these swings using the Twin Range Filter and Salma indicators to identify favorable trading opportunities.
While the video says “There is No False Signals in Two Years” this is not true in a choppy non trending market. But to me it looks like it gives better signals in trending markets. I would add another filter to this strategy. and perhaps use some long time frames to help reduce false signals.