OPEN-SOURCE SCRIPT
sh8dowFX Swing Detector
sh8dowFX Fib Swing Detector is a multi-timeframe market structure tool designed to automatically identify relevant swing points and map their position within a standardized Fibonacci-based dealing range.
The indicator provides a clean visual framework for evaluating where price is trading relative to established higher-timeframe swings, helping traders quickly distinguish between premium, equilibrium, and discount areas without manually redrawing Fibonacci ranges as market structure develops.
Features
- Automatic detection of relevant swing highs and swing lows
- Fibonacci-based dealing range visualization
- Automatic orientation based on the detected swing structure
- Optional swing-point symbols for quick visual reference
- Higher-timeframe information directly on the active chart
- Selectable reference timeframes:
- Daily
- 4H
- 1H
- 15m
- Designed for multi-timeframe analysis without unnecessarily cluttering the chart
- Automatically updates as new qualifying market structure develops
Higher-Timeframe Context
The detector can display swing information from selected higher timeframes while working on a lower-timeframe execution chart.
This makes it possible to maintain awareness of the broader dealing range without constantly switching between charts.
The Show Swing Symbols option controls the visual marking of detected swings, while Show HTF Information provides additional context regarding the active higher-timeframe structure.
Intended Use
The Fib Swing Detector is designed as a market-context and dealing-range tool, rather than a standalone entry system.
It can help traders evaluate:
Premium / Discount positioning • Equilibrium • Higher-timeframe context • Swing structure • Potential reaction areas • Price delivery within a defined range
The indicator does not generate buy or sell signals. Its purpose is to automate repetitive structural chart work while leaving directional bias, narrative, and execution decisions to the trader.
For educational and analytical purposes only. Not financial advice.
The indicator provides a clean visual framework for evaluating where price is trading relative to established higher-timeframe swings, helping traders quickly distinguish between premium, equilibrium, and discount areas without manually redrawing Fibonacci ranges as market structure develops.
Features
- Automatic detection of relevant swing highs and swing lows
- Fibonacci-based dealing range visualization
- Automatic orientation based on the detected swing structure
- Optional swing-point symbols for quick visual reference
- Higher-timeframe information directly on the active chart
- Selectable reference timeframes:
- Daily
- 4H
- 1H
- 15m
- Designed for multi-timeframe analysis without unnecessarily cluttering the chart
- Automatically updates as new qualifying market structure develops
Higher-Timeframe Context
The detector can display swing information from selected higher timeframes while working on a lower-timeframe execution chart.
This makes it possible to maintain awareness of the broader dealing range without constantly switching between charts.
The Show Swing Symbols option controls the visual marking of detected swings, while Show HTF Information provides additional context regarding the active higher-timeframe structure.
Intended Use
The Fib Swing Detector is designed as a market-context and dealing-range tool, rather than a standalone entry system.
It can help traders evaluate:
Premium / Discount positioning • Equilibrium • Higher-timeframe context • Swing structure • Potential reaction areas • Price delivery within a defined range
The indicator does not generate buy or sell signals. Its purpose is to automate repetitive structural chart work while leaving directional bias, narrative, and execution decisions to the trader.
For educational and analytical purposes only. Not financial advice.
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.