Slingshot Trend

Slingshot Trend Indicator Guide

What it does: This TradingView indicator identifies bullish "slingshot" momentum in uptrends. It uses stacked EMAs (21/34/55/89) and a higher-timeframe 89 EMA to confirm trends, then flags the first price breakout above a 4-period EMA of highs (after 3 bars below) as an entry signal.

Key signals:
☑️Entry trigger: Orange shape below bar + yellow entry line/label (at close price) when first slingshot fires in a bullish trend. Bars turn teal.
☑️Target: Green dashed line/label (entry + avg past ATR multiple × 14-period ATR).
☑️Exit: When trend ends (EMAs unstack or price drops below higher-TF 89 EMA); lines vanish.

Dashboard (bottom-right, if enabled):
☑️ATRx: Avg move size (in ATR multiples) for targets.
☑️Win%: % of past targets hit.
☑️AvgTTH: Avg days to target hit.

Tips: Use on higher timeframes (e.g., 1H+). Alert fires on trigger for notifications. Backtest on your assets—win rate tracks historical hits.