OPEN-SOURCE SCRIPT
Magic Sword: Precision Trend + Volume Filter Fixed
The SWORT Precision Volume Trend Filtered is a sophisticated technical analysis tool designed to identify high-probability market entries by merging three critical data pillars: Price Momentum, Volume Flow, and Trend Consistency.
Key Features:
Precision Filtering: Utilizing advanced smoothing algorithms, the indicator filters out "market noise" and minor price fluctuations, ensuring you stay focused on the primary trend.
Volume Integration: Unlike standard trend followers, it validates price movements through volume analysis, confirming that a trend has the institutional "weight" to continue.
Adaptive Sensitivity: It dynamically adjusts to market volatility, providing responsive signals during breakouts while maintaining stability during consolidation phases.
Visual Clarity: Designed for immediate interpretation, it offers clear visual cues (color-coded trends or signals) to help traders minimize emotional bias and execute with discipline.
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.