OPEN-SOURCE SCRIPT
Aggiornato Swing Move Area
Highlights sustained directional price swings — stretches where a stock has moved significantly in one direction over several days or weeks — while filtering out normal day-to-day noise.
How it works:
The indicator tracks price in one of two states: an up-swing or a down-swing. While in an up-swing, it continuously records the highest close reached. If price pulls back from that high by more than your Reversal Threshold (default 25%), the swing is considered over — a new down-swing begins, and the indicator starts tracking the low from there. The same logic applies in reverse for down-swings. Small retracements that don't exceed the threshold are ignored, so the swing keeps building through normal volatility instead of resetting on every wiggle.
The plotted area shows the cumulative % change from the start of the current swing to the current close — so a stock that ran from ₹100 to ₹432 over 54 days will show as one continuous green area reaching +332%, and a decline from ₹443 to ₹32 will show as one continuous red area reaching -93%.
Reading the chart:
Green area (above zero) — active up-swing; height = % gained from the swing's starting point
Red area (below zero) — active down-swing; height (depth) = % lost from the swing's starting point
Tall towers — large, sustained moves, exactly the kind of high-momentum stretches worth investigating
Flat/shallow ripples — normal chop that stayed within the reversal threshold
Inputs:
Reversal Threshold (%) — how much of a pullback from the peak/trough is needed to flip the swing direction. Lower = more sensitive, flips more often. Higher = smoother, only flags major trend changes.
Up/Down Swing Fill colors — customizable.
Note: This is a pane-only indicator (no chart overlay). It's a confirmed/lagging signal by design — a swing's full height is only known once it reverses, so use it for identifying and studying historical high-momentum moves rather than as a real-time entry trigger.
How it works:
The indicator tracks price in one of two states: an up-swing or a down-swing. While in an up-swing, it continuously records the highest close reached. If price pulls back from that high by more than your Reversal Threshold (default 25%), the swing is considered over — a new down-swing begins, and the indicator starts tracking the low from there. The same logic applies in reverse for down-swings. Small retracements that don't exceed the threshold are ignored, so the swing keeps building through normal volatility instead of resetting on every wiggle.
The plotted area shows the cumulative % change from the start of the current swing to the current close — so a stock that ran from ₹100 to ₹432 over 54 days will show as one continuous green area reaching +332%, and a decline from ₹443 to ₹32 will show as one continuous red area reaching -93%.
Reading the chart:
Green area (above zero) — active up-swing; height = % gained from the swing's starting point
Red area (below zero) — active down-swing; height (depth) = % lost from the swing's starting point
Tall towers — large, sustained moves, exactly the kind of high-momentum stretches worth investigating
Flat/shallow ripples — normal chop that stayed within the reversal threshold
Inputs:
Reversal Threshold (%) — how much of a pullback from the peak/trough is needed to flip the swing direction. Lower = more sensitive, flips more often. Higher = smoother, only flags major trend changes.
Up/Down Swing Fill colors — customizable.
Note: This is a pane-only indicator (no chart overlay). It's a confirmed/lagging signal by design — a swing's full height is only known once it reverses, so use it for identifying and studying historical high-momentum moves rather than as a real-time entry trigger.
Note di rilascio
title changeScript open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.