Amit_Ghosh

Swings

Swing High and Swing Low as discussed in Bounce Theory

A Swing Low is the low of the candle that has a higher low on either side. A Swing High is the high of the candle that has a lower high on either side.

In the case of Swing High, the high of the neighbour candles are lower than the high of the main candle itself.
In the case of Swing Low, the low of the neighbour candles are higher than the low of the main candle itself.


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.

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Comments

Hi, this is such a great indicator. Is it possible to add an extra feature? Such as a raid, Stop Hunt, or SFP (however you prefer to call it).
It will be good to see that a candle swept/raided a previous swing high/low marked by your indicator.

Thank you,
I am looking forward to this possible upcoming update.
Reply