YTC - Swing Highs & Lows

This Indicator Plots Swing Highs & Swing Lows based on Lance Beggs of (Your Trading Coach) definition:

A Swing High (SH) is a price bar high preceed by two lower highs (LH) and followed by two lower highs (LH)

In the event of multiple candles forming equal highs, this will still be defined as a swing high, provided that there are two candles with lower highs both preceding and following the multiple candle formation.

릴리즈 노트

Added the verification of all the possible casuistry:
If there are two, three or four bars followed with the same highs or lows and surrounded with tiny bars
Or two or three bars with equal highs or lows alternating with tiny bars.

New parameter to activate repaint (NOT repaints by default)

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

jatubio

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