OPEN-SOURCE SCRIPT
Swing High/Low
Swing High:
A swing high is simply any turning point where rising price changes to falling price.
Swing High Settings:
When Setting of Low Number Of Bars For Swing H/L is 2, then we define a swing high (SH) as a price bar high, preceded by two lower highs (LH) and followed by two lower highs (LH).
Similarly When Setting of High Number Of Bars For Swing H/L is 5, then we define a swing high (SH) as a price bar high, preceded by five lower highs (LH) and followed by five lower highs (LH).
Swing Low:
A swing low is simply any turning point where falling price changes to rising price.
Swing Low Settings:
When Setting of Low Number Of Bars For Swing H/L is 2, then we define a swing low (SL) as a price bar low, preceded by two higher lows (HL) and followed by two higher lows (HL).
Similarly When Setting of High Number Of Bars For Swing H/L is 5, then we define a swing low (SL) as a price bar low, preceded by five higher lows (HL) and followed by five higher lows (HL).
Pivot Colors
Red = Swing High (Low Number Of Bars For Swing H)
Green = Swing Low (Low Number Of Bars For Swing L)
Black = Swing High (High Number Of Bars For Swing H)
Blue = Swing High (High Number Of Bars For Swing L)
Helpful and easier for eyes to draw Support and Resistance Zone.
A swing high is simply any turning point where rising price changes to falling price.
Swing High Settings:
When Setting of Low Number Of Bars For Swing H/L is 2, then we define a swing high (SH) as a price bar high, preceded by two lower highs (LH) and followed by two lower highs (LH).
Similarly When Setting of High Number Of Bars For Swing H/L is 5, then we define a swing high (SH) as a price bar high, preceded by five lower highs (LH) and followed by five lower highs (LH).
Swing Low:
A swing low is simply any turning point where falling price changes to rising price.
Swing Low Settings:
When Setting of Low Number Of Bars For Swing H/L is 2, then we define a swing low (SL) as a price bar low, preceded by two higher lows (HL) and followed by two higher lows (HL).
Similarly When Setting of High Number Of Bars For Swing H/L is 5, then we define a swing low (SL) as a price bar low, preceded by five higher lows (HL) and followed by five higher lows (HL).
Pivot Colors
Red = Swing High (Low Number Of Bars For Swing H)
Green = Swing Low (Low Number Of Bars For Swing L)
Black = Swing High (High Number Of Bars For Swing H)
Blue = Swing High (High Number Of Bars For Swing L)
Helpful and easier for eyes to draw Support and Resistance Zone.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.