CG Swing Signal is a technical indicator designed for use on the cTrader platform to identify swing trading signals across various timeframes. It analyzes a specified number of candles to detect swing periods and generates accurate entry signals during these cycles. Key configurable parameters include the analysis period, smoothing to filter false signals, standard deviation to define cycle reversals, reset bars for signal refresh, and minimum swing expansion to exclude minor swings.
The indicator incorporates filters such as displaying only the first signal during lateral market conditions, minimum swing expansion to avoid low volatility signals, and a minimum Average True Range (ATR) threshold for signal validation. It supports integration with Telegram, allowing users to receive real-time signal notifications via a Telegram bot by configuring API tokens and chat IDs.
CG Swing Signal is applicable to multiple markets including Forex, indices, and cryptocurrencies. It leverages momentum and volatility indicators like RSI and ATR to enhance signal reliability. The tool is designed for intuitive use with simple calibration and can be employed by traders seeking systematic swing trade entries without continuous chart monitoring.