Get started
Benalytics

Swing Line

Benalytics  
Trend Analysis swing priceaction tradingsignals trend
103
1
trendanalysis swing priceaction tradingsignals trend
The author was inspired by Charles Dow's concept on trend and Gann's concept on swing trade.

Swing line can help identify resistance and support. Breaking resistance indicate an uptrend. Breaking support indicates a downtrend. This is a simple and intuitive method in trend determination.

However, many chart readers nowadays set Candlestick as preferred pattern. The shared indicator provides another choice for constructing swing lines.
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.

Disclaimer

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.

Want to use this script on a chart?