OPEN-SOURCE SCRIPT
Swing Scanner Pro V4 Identifies High-Probability Momentum Setups
This chart demonstrates signals generated by Swing Scanner Pro V4. The scanner combines trend structure, RSI momentum, volume expansion, ATR volatility, and proximity to 52-week highs. Market regime filters require QQQ to remain above its 200-day moving average and optionally avoid periods of elevated VIX. Qualified setups include ATR-based stop-loss, profit targets, and risk/reward calculations. The goal is to identify momentum stocks with favorable swing-trading characteristics while reducing exposure during unfavorable market conditions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.