CM SLINGSHOT Trading Guide

The CM SlingShot System is a quantitative technical analysis tool. CM SlingShot System Ported to v2.0 format (1:1 Visuals & Logic) Original by ChrisMoody

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Show Aggressive (Yellow) (showAgg): Controls the calculation period and sensitivity for market detection.
• Show Conservative (Entry) (showCons): Controls the calculation period and sensitivity for market detection.
• Show Trend Triangles (showTri): Controls the calculation period and sensitivity for market detection.
• Show Entry Arrows (showArr): Controls the calculation period and sensitivity for market detection.
• Show (showLetters): Controls the calculation period and sensitivity for market detection.
• Hide Data in Tooltip (hideData): Controls the calculation period and sensitivity for market detection.
• EMA Fast (38) (emaFast): Controls the calculation period and sensitivity for market detection.
• EMA Slow (62) (emaSlow): Controls the calculation period and sensitivity for market detection.
• Cloud Fill (cloudFill): Controls the calculation period and sensitivity for market detection.
• Aggressive Bar (colAggressive): Controls the calculation period and sensitivity for market detection.
• Conservative Bar (colConservative): Controls the calculation period and sensitivity for market detection.
• Trend Up (colTrendUp): Controls the calculation period and sensitivity for market detection.
• Trend Down (colTrendDn): Controls the calculation period and sensitivity for market detection.
• Buy Signal (signalBuy): Controls the calculation period and sensitivity for market detection.
• Sell Signal (signalSell): Controls the calculation period and sensitivity for market detection.
• Conservative Buy (buy_conservative): Controls the calculation period and sensitivity for market detection.
• Conservative Sell (sell_conservative): Controls the calculation period and sensitivity for market detection.
• Is Aggressive (Pullback) (is_aggressive): Controls the calculation period and sensitivity for market detection.
• Trend Direction (trend_dir): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• signalBuy - Buy Signal event signal.
• signalSell - Sell Signal event signal.
• buy_conservative - Conservative Buy event signal.
• sell_conservative - Conservative Sell event signal.

2. Filters and Trade Levels

• showAgg - Show Aggressive (Yellow) value used for structural qualification or thresholds.
• showCons - Show Conservative (Entry) value used for structural qualification or thresholds.
• showTri - Show Trend Triangles value used for structural qualification or thresholds.
• showArr - Show Entry Arrows value used for structural qualification or thresholds.
• hideData - Hide Data in Tooltip value used for structural qualification or thresholds.
• emaFast - EMA Fast (38) value used for structural qualification or thresholds.
• emaSlow - EMA Slow (62) value used for structural qualification or thresholds.
• cloudFill - Cloud Fill value used for structural qualification or thresholds.
• colAggressive - Aggressive Bar value used for structural qualification or thresholds.
• colConservative - Conservative Bar value used for structural qualification or thresholds.
• colTrendUp - Trend Up value used for structural qualification or thresholds.
• colTrendDn - Trend Down value used for structural qualification or thresholds.
• is_aggressive - Is Aggressive (Pullback) value used for structural qualification or thresholds.
• trend_dir - Trend Direction value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.