BacktestRookies

Swing Indicator

This indicator provides some base code for looping over data to identify swings in price action. Full code commentary can be found on the backtest rookies website.


The indicator shall allow users to "analyse" a recent historical candle to detect whether it was a swing point. This will work by inputting a number to select which historical candle you want to check. The indicator will then check all candles after it until the current candle. It shall also check the same amount of candles before it. If the candle analysed has the lowest low or highest high in the complete range, then we know it was a swing point.

즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
how can I plot the price on the specific candle instead of SH/SL ? (version 3)
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repaints.
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@moneypkr, are you sure?
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Is this repainting?
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Mero_Na12 dpanday
@dpanday, this pine script version is 3. It shouldn't make any repaint, I guess
I will let you know I gonna try it!
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@dpanday, Just thought I'd add to this for future people...

This indicator can't repaint (only issue prior to v3 of pine script was with the "security" function and/or utilising multiple time frames). Given this is v3 and the security function isn't used = no repainting :)
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dpanday DreamsDefined
@DreamsDefined, Ok thanks for your answer. The signals appear only after a few bars i think. Is it possible to display them immediately?
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dpanday DreamsDefined
@DreamsDefined, When signals can be displayes earlier i could use it with automatic trading
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@dpanday, Unfortunately not. Nature of the beast; you can't identify something until after it happens (and swings are particularly difficult to identify quickly given the chaotic/volatile nature of the markets). The article on the backtest website shows that when you reduce the lookback period (for this script it's the "barsback" input) you get more false signals and the usefulness of the indicator decreases.

If it were that easy we'd all be rich ;)
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thank you. but how to use it?
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홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 헬프 센터 프렌드 리퍼하기 기능 개발/개선 요청 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 프렌드 리퍼하기 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃