PROTECTED SOURCE SCRIPT

MWA swing high & low

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This indicator identifies and connects significant swing highs and swing lows on the chart using customizable pivot-based logic. It creates a ZigZag-style structure that helps traders visually analyze price action, market structure, and trend direction.

🧠 Key Features:
Detects pivot highs and lows using left/right bar logic.

Plots a ZigZag line connecting swings for easy visual tracking.

Labels each swing as "Swing High" or "Swing Low".

Fully customizable settings: pivot sensitivity, label color/size, and line color.

📈 How to Use:
Use it to spot higher highs/lows or lower highs/lows in trending markets.

Identify structure shifts that may signal trend reversals.

Combine with support/resistance, Fibonacci, or other structure-based tools for confirmation.

Suitable for discretionary or rule-based strategies.

⚠️ Disclaimer:
This script is a visual analysis tool. It does not generate buy/sell signals and does not claim profitability. Past structure patterns do not guarantee future results.

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.