OPEN-SOURCE SCRIPT
Hao_Gann Swing
This indicator is a custom dynamic swing structure tool built entirely on price action.
Key features:
• No use of candle color, indicators, or fixed fractals
• Swing detection is based only on High/Low relationships between candles
• Inside bars (fully contained candles) are ignored to reduce noise
Structure logic:
• In an uptrend:
- Higher highs extend the current swing high
- A downside break creates a new swing low
- If a strong outside bar breaks both sides and also breaks the previous swing low:
→ the current swing high is shifted to the new candle
→ a new swing low is formed immediately
• In a downtrend:
- Lower lows extend the current swing low
- An upside break creates a new swing high
- If a strong outside bar breaks both sides and also breaks the previous swing high:
→ the current swing low is shifted to the new candle
→ a new swing high is formed immediately
Additional behavior:
• Outside bars do NOT automatically create reversals
• Swings are updated (shifted) instead of duplicated
• The structure remains continuous and smooth (no broken lines)
This approach closely mimics how experienced traders manually interpret market structure, making it suitable for price action analysis and advanced strategy development.
Key features:
• No use of candle color, indicators, or fixed fractals
• Swing detection is based only on High/Low relationships between candles
• Inside bars (fully contained candles) are ignored to reduce noise
Structure logic:
• In an uptrend:
- Higher highs extend the current swing high
- A downside break creates a new swing low
- If a strong outside bar breaks both sides and also breaks the previous swing low:
→ the current swing high is shifted to the new candle
→ a new swing low is formed immediately
• In a downtrend:
- Lower lows extend the current swing low
- An upside break creates a new swing high
- If a strong outside bar breaks both sides and also breaks the previous swing high:
→ the current swing low is shifted to the new candle
→ a new swing high is formed immediately
Additional behavior:
• Outside bars do NOT automatically create reversals
• Swings are updated (shifted) instead of duplicated
• The structure remains continuous and smooth (no broken lines)
This approach closely mimics how experienced traders manually interpret market structure, making it suitable for price action analysis and advanced strategy development.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.