Swing Points

The indicator shows the fractals where stop-losses may be located and can be used to trade from their taking.

You can adjust the length of the fractal (the number of bars with which it is surrounded on both sides, to confirm the validity).
You can also display lines from fractal points for clarity.

To keep the chart clean, you can enable deletion of already taken fractals.

Example of use with deleted fractals and without lines:

Индикатор показывает фракталы где могут находиться стоп-лоссы и его можно использовать для торговли от их снятия.

Можно настраивать длину фрактала (количество баров, которыми он окружен с обеих сторон, для подтверждения валидности).
Так же можно выводить линии от фрактальных точек для наглядности.

Для сохранения чистоты графика можно включить удаление уже снятых фракталов.

Пример использования с удалением снятых фракталов и без линий:
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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