TRN Swing Suite Usage Guide
Overview
The TRN Swing Suite is a sophisticated technical analysis tool designed to identify market swings, trends, and potential trading opportunities. It combines multiple features including swing detection, trend analysis, support/resistance levels, and statistical analysis to provide traders with comprehensive market insights.
Trading Strategies
Swing Trading Strategy
Entry Rules
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Bullish Setup
- Identify a series of higher lows (HL pattern)
- Wait for swing support level formation
- Enter when price bounces off support with confirmation
- Align with Trend Bars Pro
- Use statistics table to verify average swing length matches setup
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Bearish Setup
- Identify a series of lower highs (LH pattern)
- Wait for swing resistance level formation
- Enter when price rejects from resistance with confirmation
- Align with Trend Bars Pro
- Use statistics table to verify average swing length matches setup
Risk Management
- Stop Loss: Below/above the last swing low/high
- Take Profit: Based on average swing length from statistics
Regular Divergence Strategy
Bearish Setup
- Identify bearish regular divergence at a high timeframe resistance or PD array
- Wait for a liquidity grab above resistance
- Price should wick above resistance and close below it
- Look for strong downward reaction
- Wait for TRN trend bars to turn red
- Entry: Open of the first bar after TRN trend bars change to red
- Stop Loss: 2 ticks above the wick high
- Target: Last swing low, HTF support level, or PD array
- Minimum Risk-Reward: 2R (skip if less)
Bullish Setup
- Identify bullish regular divergence at a high timeframe support or PD array
- Wait for a liquidity grab below support
- Price should wick below support and close above it
- Look for strong upward reaction
- Wait for TRN trend bars to turn green
- Entry: Open of the first bar after TRN trend bars change to green
- Stop Loss: 2 ticks below the wick low
- Target: Last swing high, HTF resistance level, or PD array
- Minimum Risk-Reward: 2R (skip if less)
SMT Strategy (Imbalance Trading)
This strategy focuses on trading imbalances between highly correlated assets, particularly NASDAQ futures (NQ) and S&P 500 futures (ES).
Setup Requirements
- Daily timeframe
- NASDAQ futures make a new lower low
- S&P 500 futures make a higher low
- SMT/Divergence Suite detects bullish regular SMT divergence
Trade Execution
- Entry: Next day's open
- Instrument: Use the stronger instrument (typically ES1!)
- Stop Loss: Below previous day's low
- Target: 3R (three times the risk)
Best Conditions
- Most effective in strong trending markets
- Works with other correlated pairs:
- BTC vs. ETH
- GC1! vs. SI1!
- EURUSD vs. GBPUSD
Best Practices
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Confirmation
- Wait for candlestick confirmation
- Use multiple timeframe analysis
- Combine with support/resistance levels
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Risk Management
- Always use defined stop losses
- Maintain minimum 2R risk-reward ratio
- Consider position sizing based on setup quality
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Optimization
- Adjust swing size based on timeframe
- Use larger swing sizes for higher timeframes
- Smaller swing sizes for lower timeframes
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Filters
- Trade in direction of higher timeframe trend
- Look for confluence with other technical indicators
- Wait for TRN trend bars color change confirmation
- Skip trades with poor risk-reward ratios
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Statistical Validation
- Use swing statistics to set realistic targets
- Validate setups with relation probabilities
- Monitor average swing durations for timing
Advanced Features
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Custom Indicators
- Use external indicators for divergence detection
- Combine multiple oscillators for confirmation
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Alert Settings
- Set alerts for TRN trend bar color changes
- Configure divergence alerts
- Set SMT divergence notifications
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Visual Settings
- Customize indicator colors and styles
- Adjust label positions
- Configure which divergences to display