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An indicator that identifies Swing Points (highs and lows) and then determines highs and lows of those swings. Works on all timeframes.
This is not my invention. It is a generic concept that I picked up from the trading world.
First level swings are termed as Short term Highs and Short term Lows (STH and STL)
The second level swings are termed as Long term Highs and Long term Lows (ITH and ITL)
An STH is formed when the 2nd high is higher than the highs on either side.
An ITH is formed when the 2nd STH is higher than the STH on either side.
Likewise logic for lows.
An example, A bullish trend can be expected if an ITH level is taken out after a ITL is formed after the ITH.
Inside bars: Inside bars are ignored. They can be marked, turned off by default.
Also, a "X" is placed over a swing point if two consecutive swings form simultaneously. This is turned off by default.
This is not my invention. It is a generic concept that I picked up from the trading world.
First level swings are termed as Short term Highs and Short term Lows (STH and STL)
The second level swings are termed as Long term Highs and Long term Lows (ITH and ITL)
An STH is formed when the 2nd high is higher than the highs on either side.
An ITH is formed when the 2nd STH is higher than the STH on either side.
Likewise logic for lows.
An example, A bullish trend can be expected if an ITH level is taken out after a ITL is formed after the ITH.
Inside bars: Inside bars are ignored. They can be marked, turned off by default.
Also, a "X" is placed over a swing point if two consecutive swings form simultaneously. This is turned off by default.
Nota Keluaran
- Fixed bug that missed marking a STH or STL right after an opposite one was discovered
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.