bharatTrader

Swing Points

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.
Release Notes:
  • Fixed bug that missed marking a STH or STL right after an opposite one was discovered
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Comments

Oh my god.... Gurjeev Singh ji and Niranjan ji.... Hats off to both of you .... Great and AWESOME work....
+1 Reply
bharatTrader Vinaykumar23031988
Reply
GOOD MORNING NIRANJAN

i could find indiacator in search ,, what name to put in to search .. i can see it under ur name .. but not in search indicator.. am i doing wrong search?

regards Linesh
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bharatTrader lineshthakur
@lineshthakur, Search for "Swing Points"
Reply
it is not coming by default ,,, you have to refresh and then you see the value
Reply
Many Thanks.... Niranjan ji.. It is definitely going to help us a lot....
Reply
Niranjan Ji....Great Work!!
Reply
Excellent work....hats of to u
Reply
Excellent Work Niranjan Sir and gurjeevsingh
Reply
Genius as always sir.... The word is now becomes small for you
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