BenTrading bearish trend continuation sweep
This script uses simple features to indicate where a trend may continue.
It uses market structures and monitors breaks of swing highs and swing lows.
If there is a break downwards, the alert will give signal when there is a sweep that forms in the biased direction (see chart - alert will trigger on candle close).
For it to send alerts you must right click the indicator and apply alert - "once per bar".
This indicator only shows bearish signals, while there is another indicator that can be used alongside it to indicate bullish trend continuation with the same features.
It uses market structures and monitors breaks of swing highs and swing lows.
If there is a break downwards, the alert will give signal when there is a sweep that forms in the biased direction (see chart - alert will trigger on candle close).
For it to send alerts you must right click the indicator and apply alert - "once per bar".
This indicator only shows bearish signals, while there is another indicator that can be used alongside it to indicate bullish trend continuation with the same features.