OPEN-SOURCE SCRIPT

Swing Exit System with Legend Dashboard — Smart + Stylish

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“They say it’s more important when you buy than when you sell — but this script begs to differ.”

In the real world of trading, the exit is often more important than the entry. A bad exit can turn a winning trade into a loss. A late exit can leave you bag-holding. A premature exit can cause regret as the trade runs without you. That’s where this script steps in — built to guide you through intelligent, data-driven exits with visual clarity and confidence.

🧠 What This Script Does
This is a swing trade exit assistant, not just a signal plotter. It uses seven distinct exit conditions — all grounded in technical structure and momentum — to alert you when it's time to consider reducing or closing a position. Each condition is visualized using a unique, color-coded triangle on the chart for quick interpretation. All signals are also listed in a dynamic legend panel.

🎯 The Exit Signals Include:
10 SMA Break (🟠) – Signals short-term momentum loss

20 SMA Break (🔵) – Stronger loss of trend support

SMA Cross (🔴) – Fast SMA crossing below slow SMA = trend weakening

ATR Stop Hit (🟥) – Price breaks below a trailing ATR stop

RSI Momentum Fade (🟣) – RSI drops below 50 after being overbought

RSI Bearish Divergence (🟪) – Momentum diverges from price

Lower High / Lower Low (⚫️) – Classic bearish market structure

Each triangle matches the color of its entry in the exit legend dashboard, which appears as a floating table on the lower right of the screen for maximum clarity without clutter.

📊 Also Displayed:
Live ATR value – Helps evaluate volatility and stop distance

Fast SMA (10) & Slow SMA (20) – See trend context and potential crossovers

Upper/lower ATR bands for visual trailing stops

🧰 Why This Matters
This script isn’t about blindly following signals — it’s about supporting decision-making. It helps you exit trades with intention, not emotion. It’s built for:

Swing traders who hold for 2–10 bars

Traders using multi-condition filters

Visual thinkers who want signal and structure in sync

Exit too early and you leave money on the table. Exit too late and you give it all back. This tool gives you the structure to exit when the chart says so, not when your nerves do.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.