OPEN-SOURCE SCRIPT

Vietnamese: Swing Low Detection with SMA Bands & Background

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This script detects **swing lows** using a dynamic SMA-based logic and visually highlights them on the chart.

Features
  1. Customizable Moving Averages: Supports multiple MA types (SMA, EMA, WMA, RMA, HMA, DEMA, TEMA, VWMA).
  2. Swing Low Visualization: Identifies swing lows when price closes below the SMA of lows and exits once price trades above the SMA of highs.
  3. Smart Rectangles: Marks detected swing lows with labeled boxes for clear visual reference.
  4. Background Highlights**: Dynamically shades the chart background when price breaks below recent swing lows, helping traders spot potential breakdown zones.
  5. Configurable Parameters: Period length, rectangle length, and MA source can all be tuned.

Use Cases
  1. Spot breakdown/bearish continuation signals when price closes under recent lows.
  2. Combine with higher timeframe trend analysis for confluence.

Notes
* This tool is designed for **visual analysis** and is not a standalone buy/sell signal.
* Works best when combined with broader trend analysis, support/resistance levels, and volume.

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.