Swing highs and lows can be used by traders to identify possible areas of , which can then be used to determine optimal positions for stop-loss or profit target orders.
highs and lows are earlier market turning points. Hence, they are natural choices for projecting levels. Every point is a potential support or . However, for effective trading, focus on major swing highs and lows.
This indicator was created based on VB Indicator.
circles -> linebar
view background RED, GREEN, BLUE
can check cloud like Ichimoku Cloud.
VB indicator PRO : https://kr.tradingview.com/script/IZpF4xgk/
VB Resistance Support : https://kr.tradingview.com/script/OHuCaJAD/