Gann Swing Points

29 mag

Indicator Logic

This is a GANN-style swing indicator that classifies bars based on their high/low structure relative to the previous bar.
I strongly encourage you to replay bars on Tradingview using this indicator to get a sense of how it creates pivot (or swing) points

Bar Classification:

Up-Bar (direction: 'up'): Higher High and Higher Low (HH/HL)

Down-Bar (direction: 'down'): Lower High and Lower Low (LH/LL)

Outside-Bar (generates 2 directions):

Green: 'down' then 'up'

Red: 'up' then 'down'

Inside-Bar: No direction generated (HL/LH)

Swing Line Logic

The swing line continues in the current direction until n opposite directions are detected.

n is the "n-direction" parameter (commonly set to 2, so 2 consecutive opposite direction is needed to turn the swing)

When n opposing directions occur, the swing turns, creating a pivot point

Inside bar is ignored, so e.g up-bar -> inside-bar -> up-bar generates "up", "up" direction

A top pivot is formed when the swing turns down

A bottom pivot is formed when it turns up

Note: This swing logic is inherently lagging — it only confirms tops/bottoms after the fact

This swing structure gives the system a clear and noise-resistant way to identify pivot points (swing-points)

4 giorni fa

Note di rilascio

Updated for multi time frame strategy use. Higher time frame (htf) swings can be viewed, to check against chart time frame (ltf). Many good strategies come from anticipating htf action from ltf behavior, now we don't have to switch time frame to check the htf swings to compare with the lower time frame (ltf). It's available in the same chart.

3 giorni fa

Note di rilascio

Bug fix:
Corrected Pre-market weekly htf swing-lines misbehavior

3 giorni fa

Note di rilascio

More bug fixes for strange htf behavior at trading hour gaps

l’altro ieri

Note di rilascio

Refactor and housekeeping.
- Removed classification of current unfinished bar.
- Moved bar-classification
- removed some unused code
- refactored some variables to be more meaningful
- set default color of htf swing lines to blue