Swing Breakout Strategy — Candles + Divergences + Patterns (rev)

Overview
A multi-confirmation swing strategy that seeks trend breakouts and adds three optional confluence modules: candlestick patterns, RSI/MACD regular divergences, and simple chart patterns (double top/bottom). Built for clarity, fast testing, and togglable debug markers.

Core Logic

Trend filter: SMA(50) vs SMA(200) + price vs SMA(21).

Breakout engine: Close breaks prior N-bar high/low (lookback configurable).

Momentum: Stochastic cross (optional view), MACD cross/zone, RSI regime (>50 or <50).

Volume: Above SMA(volume) filter.

Optional Confluence Modules

Candlestick analysis (enable/disable):

Bull/Bear Engulfing, Hammer, Shooting Star, Inside Bar (bull/bear flavors).

Divergence (enable/disable):

Regular divergences on RSI and MACD histogram using confirmed pivots (HH/LH or LL/HL).

Chart patterns (enable/disable):

Double Bottom (two similar lows + neckline break).

Double Top (two similar highs + neckline break).

Tolerance and pivot width are configurable.

Entries & Exits

Entry Long: Any of (Base Breakout + Trend + Momentum + Volume) OR enabled confluences (candles / divergence / pattern).

Entry Short: Symmetric logic for downside.

Risk management: Optional ATR-based stop loss and take profit (configurable length & multipliers).

Note: If you prefer confluences to be filters (AND), change the final buySignal/sellSignal lines accordingly.

Inputs (key)

SMA lengths (21/50/200), RSI length, Stochastic lengths & smoothing, MACD (12/26/9).

Breakout lookback, Volume SMA.

ATR exits (on/off, ATR length, SL/TP multipliers).

Toggles for Candlesticks, Divergences, Patterns, plus per-module debug markers.

Plots & Markers

Plots SMA 21/50/200.

Buy/Sell arrows on chart.

Optional debug markers for each condition (global-scope safe).

Divergence/pattern markers offset to the actual pivot/neckline bars.

Good Practices

Test on multiple timeframes and instruments; tune lookbacks and ATR multipliers.

Consider using the modules as filters in trending markets to reduce whipsaws.

Always forward-test and combine with position sizing.

Disclaimer
For educational purposes only. This is not financial advice. Trading involves risk.

Version & Credits
Pine Script® v6 — Strategy.
Developed by: Mohammed Bedaiwi.