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What swing trading strategy can be used based on indicator

Below is one out of many swing trading strategies based on indicators which are discussed in Munafa Stock Market Training material

You can use indicators like MACD or ADX for this. Details of both are in this training material https://MunafaSutra.com/page/ebook But I will try to cover in short here. Both these indicators measure momentum. MACD does it by measuring the distance between 2 moving averages, while ADX does it by measuring price gains, then by smoothing those gains. MACD will show you one line, the fast line. The second line on MACD is just this fast line smoothened. You can use the following setting for what you want to do: 10,50,9 10 is the short moving average, 50 is the second longer one, 9 is the period by which you want the fast line to be smoothened. Now suppose the stock is falling, and 10day MA is below 50day MA. As the stock keeps falling, distance between 10day and 50day MA will keep increasing. The fast line will keep going down, away from the MACD zero point. Eventually, when the stock will stop falling, and will start moving up, the fast line will also start moving up, "towards" the zero point. This is happening because 10day MA is now moving upwards, towards 50day MA. This is where you can get in. Hold the stock for a couple of days, and book profits when appropriate. Please note, the stoploss with this strategy will be the point where the MACD line turned up, the price on that day. That is your stoploss point. There are more such strategies you can use. Read the training material suggested above. Thanks and Regards