- Swing is an crossover-based indicator used for low-risk directional trading.
- it's used for different types of 20,50,100 and 200, 3 of them are plotted on chat 20,100,200.
- 100 and 200 is used for showing and it contains highlights area between them and its change color according to market crossover condition.
- 20 moving average is used for knowing Market Behaviour and changing its color according to crossover conditions of 50 and 20 .
How does it work?
- It contains 4 different types of moving averages 20,50,100, 200 out of 3 are plotted on the chart.
- 20 is used for knowing current market behavior. Its changes its color based on the crossover of 50 and 20 , if 20 is higher than 50 then it changes its color to green, and its opposites are changed their color to red when 20 is lower than 50 .
- 100 and 200 used as a and is also contain highlighted areas between them its change their color based on the crossover if 100 is higher than 200 a then both of them are going to change color to Green and as an opposite, if 200 is higher then 100 is going to change its color to red.
So in simple word 100 and 200 is used as zone and 20 is used to know current market behavior.
How to use it?
- It is very easy to understand by looking at the example I gave where are the two different types of phrases. phrase bull phrase and bear phrase so 100 and 200 is used as a and to tell you which phrase is currently on the market on example there is a bull phrase on the left side and bear phrase on the right side by using your you can find out a really good spot to buy your stocks on a bull phrase and too short on the bear phrase. 20 is used as a knowing the current market behavior it doesn't make any difference on buying or selling as much as 100 and 200 .
- Don't trade against the market.
- Try trade on trending stocks rather than sideways stock.
- The higher the area between 100 and 200 is the stronger the phrase.
- Do Backtesting before real trading.
- Enjoy Trading.
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.