Swing Highs and Lows (version 2)My second version of plotting Swing Highs and Swing Lows
A Swing High (SH): a price bar high preceed by two lower highs (LH) and followed by two lower highs (LH)
This version enables you to ignores swing highs and lows when the market volatility is small and not suitable for trading.
Thus it will depict fewer number of SH and SL markers, making the chart a bit cleaner and easier for us to read.
Volatility is measured simply by the amount of pips moved within five consecutive bars: the default is set at 10 pips, meaning that when you take five consecutive bars and the gap of the highest high and the lowest low is less than or equal to 10 pips, it will not depict SH or SL markers.
To use this function, check "set volatility threshold?" box under the Format icon and set a threshold in pips.
(I typically trade EURUSD so the pips input is customized for that)
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Swing Highs and LowsSimple script to overlay swing highs and lows.
A Swing High (SH): a price bar high preceded by two lower highs (LH) and followed by two lower highs (LH).
Heiken Ashi Swing High/LowIt uses Heiken Ashi candles to detect recent swing high and low.
It can be used as a stop-loss or support/resistance indicator.
Swing High/Low SignalsSwing High/Low Signals – profit gang
Quickly spot recent market turning points with this clean swing high/low indicator.
Marks swing highs & lows with labels or triangles
Optional connecting lines & background highlights
Alerts when new swings form
Info table showing last swing levels & current price
Fully adjustable lookback period for any timeframe.
Disclaimer: For educational use only. Not financial advice.
Swing High/Low Indicator w/ MACD and HTF EMA'sSwing High/Low Indicator w/ MACD and EMA Confirmations by KaizenTraderB
I designed this indicator to be used with a market structure break strategy.
It labels swing highs and lows that are confirmed by the MACD.
It also displays a higher timeframe Fast and Slow EMA to determine directional bias.
Also provides alerts that signal Swing Low breaks in downtrends and Swing High Breaks in uptrends.
It draws a horizontal line on the last Swing High and Low.
Display this indicator on your entry timeframe and choose your Higher Timeframe in settings.
You can also change lookback period for Swing Highs and Lows and EMA's.
When I use this I am looking for the Swing High/Low break in direction of HTF Trend
Then look for pullback between price level of break and areas of liquidity (wicks, order blocks, price congestion) for entry in direction of EMA trend.
Swing Highs/Lows & Candle Patterns[LuxAlgo] [Filtered]Swing Highs/Lows & Candle Patterns - Tweaked Version
This indicator is a customized and enhanced version of LuxAlgo’s original Swing Highs/Lows & Candle Patterns indicator. It identifies and labels critical swing high and swing low points to help visualize market structure, alongside detecting key reversal candlestick patterns such as Hammer, Inverted Hammer, Bullish Engulfing, Hanging Man, Shooting Star, and Bearish Engulfing.
With added options to selectively display only Lower Highs (LH) and Higher Lows (HL), this tweaked version offers greater flexibility for traders focusing on specific market dynamics. Users can also customize the lookback length and label styling to fit their preferences.
Credit to LuxAlgo for the original concept and foundation of this powerful tool, which this script builds upon to support more tailored technical analysis. Ideal for swing traders and technical analysts seeking improved entry and exit signals through a combination of price swings and candlestick pattern recognition.
Swing High Low ZigZag v3.0 BajaSwing High/Low Pivot - Designed to help easily spot peaks and bottoms for quicker drawing of trendlines and other drawings as well as alerts without needing to zoom in a whole lot.
Swing High/Low Support ResistanceThis indicator detects recent swing highs and swing lows using Pine Script pivots and marks them with visible chart labels. These points highlight potential turning areas in price action and can help identify short-term support or resistance for intraday or swing trading.
How to Apply
Locate the indicator in TradingView’s “Indicators” library; search by its name or author.
Click the star icon to mark it as a favourite for quick future access.
Apply directly to your chosen chart and timeframe with a single click—no need to enter or paste code.
Adjust the input parameters from the settings panel if desired to personalize swing sensitivity.
Choose Your Timeframe:
Apply to any intraday or swing timeframe; shorter lengths show more frequent pivots.
Set Sensitivity:
Use the “Swing Detection Length” input to adjust how many bars define a pivot, making swings more or less sensitive to price action.
How to Analyze
Swing High Labels: Mark recent local peaks, suggesting resistance zones or possible reversal points.
Swing Low Labels: Highlight recent bottoms, indicating support or bounce areas.
Monitor labels for clustering or repeated appearance at similar levels, which may strengthen their importance as price reacts near those points.
Track how price behaves after forming new pivots—multiple tests can affirm the relevance of a level.
What Traders Should Watch
Price reaction at labeled areas: frequent tests may anticipate reversals or breakouts.
Transition between higher highs/higher lows (uptrend) vs. lower highs/lower lows (downtrend).
Combine the swing levels with other analysis methods, such as volume, RSI, or EMA, for better signal quality.
Features Included
Dynamic swing high and low detection via confirmed pivots.
Direct labeling on the chart for market structure clarity.
No repainting—labels show only after complete formation.
Fully automatic updates as price action unfolds.
No promotional, external, or non-compliant elements; open source and safe for public or private use.
Compliance Notes
No signals, buy/sell calls, financial advice, or performance claims.
No hidden code, advertising, or off-platform contacts.
Pure educational and analytical utility; adheres to all TradingView house rules and script publishing policies.
Disclaimer
This indicator is for informational purposes only and does not constitute advice. Always do your own research and use proper risk management.
Swing Highs/Lows & Candle Patterns [LuxAlgo]This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing.
This indicator by its very nature backpaints by default, meaning that the displayed components are offset in the past.
🔶 USAGE
It can be interesting to see if a top or bottom is associated with a specific candle pattern, this allows us to study the potential of such a pattern to indicate a reversal. You can hover on a label with a specific pattern to see more details about it.
The notations HH, HL, LH, and LL you can see on the labels are defined as follows:
HH : Higher high
HL : Higher low
LH : Lower high
LL : Lower low
🔶 SETTING
Length: Sensitivity of the swing high/low detection, with lower values returning the maximum/minimum of shorter-term price variations.
Swing Highs and Lows Detector🔍 Swing Highs and Lows Detector
The Swing Highs and Lows Detector is a powerful tool for traders looking to identify meaningful structural shifts in price action, based on swing point logic and internal trend shifts.
📈 What It Does
This indicator automatically identifies and labels:
HH (Higher High) – Price broke above the previous swing high
LH (Lower High) – Price failed to break the previous high, signaling potential weakness
LL (Lower Low) – Price broke below the previous swing low
HL (Higher Low) – Price maintained a higher support level, indicating strength
The script distinguishes between bullish and bearish internal shifts and tracks the highest/lowest points between those shifts to determine the swing structure.
⚙️ How It Works
You can choose between two shift detection modes:
"Open": Compares closing price to the first open of the opposite streak
"High/Low": Uses the high of bearish or low of bullish candles
Once a shift is confirmed, the indicator scans the bars between shifts to find the most significant swing high or low
When a valid swing is detected, it’s labeled directly on the chart with color-coded markers
🛎️ Built-in Alerts
Set alerts for:
Higher High
Lower High
Lower Low
Higher Low
These alerts help you catch key structural shifts in real time — great for breakout traders, structure-based analysts, and smart money concepts (SMC) strategies.
✅ How to Use
Confirm Trend Strength or Reversals – Use HH/HL to confirm an uptrend, LL/LH to confirm a downtrend
Combine with Liquidity Sweeps or Zones – Ideal for SMC or Wyckoff-style setups
Entry/Exit Triggers – Use swing breaks to time entries or exits near key structural points
Swing High/Low (Adaptive)Swing High/Low (Adaptive)
Overview
The Indicator is a pivot point detection tool that identifies swing highs and lows with invalidation tracking. The key differentiator of this indicator is its adaptive invalidation system . Most pivot indicators simply mark every detected pivot without considering whether subsequent price action has made earlier pivots less relevant.
How It Works
The indicator uses Pine Script's native ta.pivotlow() and ta.pivothigh() functions combined with custom logic to detect swing points. The adaptive algorithm evaluates each potential pivot against the following criteria:
For Low Pivots:
Confirms a new low pivot when it's the next expected pivot type in the swing sequence
If consecutive lows occur, only accepts a new low if it's lower than the previous low
Marks the previous low as invalidated when a stronger low is detected
For High Pivots:
Confirms a new high pivot when it's the next expected pivot type in the swing sequence
If consecutive highs occur, only accepts a new high if it's higher than the previous high
Marks the previous high as invalidated when a stronger high is detected
This approach ensures that the indicator maintains clean swing structure and automatically adjusts when price action creates stronger pivots, providing a more realistic view of support and resistance levels.
Settings
Pivot Settings:
Left Bars : Number of bars to the left required for pivot confirmation (default: 5)
Right Bars : Number of bars to the right required for pivot confirmation (default: 5)
Pivot Display Settings:
Toggle visibility for low and high pivots independently
Customizable colors for valid pivot markers
Low pivots marked with upward triangle (▲)
High pivots marked with downward triangle (▼)
Invalid Pivot Settings:
Optional display of invalidated pivots
Separate color customization for invalid low and high pivots
Helps visualize where market structure expectations changed
ZigZag Settings:
Toggle ZigZag line display on/off
Separate colors for upward and downward price swings
Adjustable line width
Use Cases
1. Market Structure Analysis
Identify key swing points to understand the current market structure and trend direction. The adaptive invalidation feature ensures you're always looking at the most relevant pivots.
2. Support and Resistance Identification
Use confirmed swing highs and lows as potential support and resistance levels for entry and exit planning.
3. Trend Confirmation
The ZigZag visualization helps confirm trends by showing the sequence of higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend).
Disclaimer
This indicator is designed as a technical analysis tool and should be used in conjunction with other forms of analysis and proper risk management. Past performance does not guarantee future results, and traders should thoroughly test any strategy before implementing it with real capital.
Swing High/Low with Liquidity Sweeps🧠 Overview
This indicator identifies swing highs and swing lows based on user-defined candle lengths and checks for liquidity sweeps—situations where the price breaks a previous swing level but then closes back inside, indicating a potential false breakout or stop hunt. It also supports visual labeling and alerts for these events.
⚙️ Inputs
Swing Length (must be odd number ≥ 3):
Determines how many candles are used to identify swing highs/lows. The central candle must be higher or lower than all neighbors within the range.
Example: If swingLength = 5, the central candle must be higher/lower than the 2 candles on both sides.
Sweep Lookback (bars):
Defines how many bars to look back for possible liquidity sweeps.
Show Swing Labels (checkbox):
Optionally display labels on the chart when a swing high or low is detected.
Show Sweep Labels (checkbox):
Optionally display labels on the chart when a liquidity sweep occurs.
🕯️ Swing Detection Logic
A Swing High is detected when the high of the central candle is greater than the highs of all candles around it (as per the defined length).
A Swing Low is detected when the low of the central candle is lower than the lows of surrounding candles.
Swing labels are placed slightly above (for highs) or below (for lows) the candle.
💧 Liquidity Sweep Logic
A Sweep High is triggered if:
The current high breaks above a previously detected swing high,
And then the candle closes below that swing high,
Within the configured lookback window.
A Sweep Low is triggered if:
The current low breaks below a previous swing low,
And then closes above it,
Within the lookback window.
These are often seen as stop hunts or fake breakouts.
🔔 Alerts
Sweep High Alert: Triggered when a sweep above a swing high occurs.
Sweep Low Alert: Triggered when a sweep below a swing low occurs.
You can use these to set up TradingView alerts to notify you of potential liquidity grabs.
📊 Use Cases
Identifying market structure shifts.
Spotting fake breakouts and potential reversals.
Assisting in smart money concepts and liquidity-based trading.
Supporting entry timing in trend continuation or reversal strategies.
Swing High/Low by %REnglish Description
Swing High/Low by %R
This indicator identifies potential swing high and swing low points by combining William %R overbought/oversold turning points with classic swing price structures.
Swing High: Detected when William %R turns down from overbought territory and the price forms a local high (higher than both neighboring bars).
Swing Low: Detected when William %R turns up from oversold territory and the price forms a local low (lower than both neighboring bars).
This tool is designed to help traders spot possible market reversals and better time their entries and exits.
Customizable parameters:
Williams %R period
Overbought & Oversold thresholds
The indicator plots clear signals above/below price bars for easy visualization.
For educational purposes. Please use with proper risk management!
คำอธิบายภาษาไทย
Swing High/Low by %R
อินดิเคเตอร์นี้ใช้ระบุจุด Swing High และ Swing Low ที่มีโอกาสเป็นจุดกลับตัวของตลาด โดยอาศัยสัญญาณจาก William %R ที่พลิกกลับตัวบริเวณ overbought/oversold ร่วมกับโครงสร้างราคาแบบ swing
Swing High: เกิดเมื่อ William %R พลิกกลับลงจากเขต Overbought และราคาแท่งกลางสูงกว่าทั้งสองแท่งข้างเคียง
Swing Low: เกิดเมื่อ William %R พลิกกลับขึ้นจากเขต Oversold และราคาแท่งกลางต่ำกว่าทั้งสองแท่งข้างเคียง
ช่วยให้เทรดเดอร์สามารถมองเห็นโอกาสในการกลับตัวของราคา และใช้ประกอบการวางแผนจังหวะเข้าหรือออกจากตลาดได้อย่างแม่นยำมากขึ้น
ตั้งค่าได้:
ระยะเวลา Williams %R
ค่าขอบเขต Overbought & Oversold
อินดิเคเตอร์จะแสดงสัญลักษณ์อย่างชัดเจนบนกราฟเพื่อความสะดวกในการใช้งาน
ควรใช้ร่วมกับการบริหารความเสี่ยง
Swing High/Low ExtensionsSwing High/Low — Extensions (2 Plots + Drawings + Touch Signal)
What it does
This indicator finds Swing Highs/Lows using a symmetric length (same bars left & right), then creates horizontal extension levels that run to the right and stop at the first price touch (“extend until future intersection”).
It outputs:
Two plots showing the most recent active High/Low extension (great for alerts & strategy logic).
Line drawings for every detected swing (historical levels stay on the chart and end at the touch bar).
A hidden TouchSignal used to color bars and trigger alerts without distorting the price scale.
The design mirrors Sierra Chart’s “Swing High and Low” with “Extend Swings Until Future Intersection”, but implemented natively in Pine.
How it determines swings
Uses ta.pivothigh() / ta.pivotlow() with length bars left and right.
A swing is confirmed only after there are length bars to the right of the center.
How extensions/lines end
High extensions end when High ≥ level.
Low extensions end when Low ≤ level.
The corresponding line drawing is frozen on the touch bar; the most recent active line continues to extend each new bar.
Inputs
Swing Strength (Bars Left = Right) – symmetric pivot length.
Offset as Percentage – 1 = +1%; positive values push levels outward (High up / Low down), negative pull them inward.
Draw “Extend…Until Future Intersection” Lines – toggle line drawings on/off.
Line Width (Plots + Drawings) – thickness for plots and drawings.
HighExt Color / LowExt Color – colors for the two plots and drawings.
Touch Color – color to paint bars on the touch bar (doesn’t affect scale).
HighExt/LowExt Line Style – choose line style (Solid/Dashed/Dotted) for drawings.
Color Bars on Touch? – enable/disable bar coloring.
Bar Color on High Touch / Low Touch – separate bar colors for each side.
Bar Color Transparency (0..100) – opacity for the bar painting.
Plots
HighExt – latest active high extension only.
LowExt – latest active low extension only.
(Internally there is also a hidden “TouchSignal” plot used for bar coloring & alerts; it’s not displayed to keep the chart scale clean.)
Alerts
Three built-in alertconditions:
Any Extension Touched — triggers when either side is hit.
High Extension Touched — only high level touch.
Low Extension Touched — only low level touch.
Create alerts from the indicator’s “More” (⋯) menu → Add alert → choose one of the conditions.
Styling
Drawings use your selected style (Solid/Dashed/Dotted), color, and width.
Existing historical lines adopt new styles when the script recalculates.
Bar coloring highlights the exact touch candle; disable it if you prefer clean candles.
Notes & tips
Scale-safe: the TouchSignal is hidden (display=none), so it won’t distort the Y-axis.
Performance: TradingView limits scripts to ~500 line objects; this script uses max_lines_count=500. If you hit the cap on long histories, either increase timeframe or disable drawings and rely on the two plots + alerts.
Works on any symbol/timeframe; levels are rounded to the instrument’s minimum tick.
Intended use
For discretionary levels, alerting, and rule-based entries that react to first touch of recent swing extensions. Not financial advice—use at your own risk.
Swing High Low Detector by RV5📄 Description
The Swing High Low Detector is a visual indicator that automatically detects and displays swing highs and swing lows on the chart. Swings are determined based on configurable strength parameters (number of bars before and after a high/low), allowing users to fine-tune the sensitivity of the swing points.
🔹 Current swing levels are shown as solid (or user-defined) lines that dynamically extend until broken.
🔹 Past swing levels are preserved as dashed/dotted lines once broken, allowing traders to see previous support/resistance zones.
🔹 Customizable line colors, styles, and thickness for both current and past levels.
This indicator is useful for:
Identifying key market structure turning points
Building breakout strategies
Spotting trend reversals and swing zones
⚙️ How to Use
1. Add the indicator to any chart on any timeframe.
2. Adjust the Swing Strength inputs to change how sensitive the detector is:
A higher value will filter out smaller moves.
A lower value will capture more frequent swing points.
3. Customize the line styles for visual preference.
Choose different colors, line styles (solid/dashed/dotted), and thickness for:
Current Swing Highs (SH)
Past Swing Highs
Current Swing Lows (SL)
Past Swing Lows
4. Observe:
As new swing highs/lows are detected, the indicator draws a new current level.
Once price breaks that level, the line is archived as a past level and a new current swing is drawn.
✅ Features
Fully customizable styling for all lines
Real-time updates and automatic level tracking
Supports all chart types and instruments
👨💻 Credits
Script logic and implementation by RV5. This script was developed as a tool to improve price action visualization and trading structure clarity. Not affiliated with any financial institution. Use responsibly.
Swing High/Low & EMA Cross AlertScript Description:
This script on TradingView combines the detection of Swing High/Low points with exponential moving average (EMA) crossovers to provide buy and sell alerts and to mark swing points on the chart.
What the Script Does:
Swing High/Low Detection:
Uses the ta.pivothigh function to detect significant high points and the ta.pivotlow function to detect significant low points.
For each detected point, the script checks if it is a new higher high (HH) or lower high (LH) for the highs, and a new lower low (LL) or higher low (HL) for the lows.
Creates visual labels to identify these points on the chart, helping traders to visualize potential reversal points.
EMA Crossover:
Calculates two EMAs: a fast EMA (fastEMA) with a default period of 50 and a slow EMA (slowEMA) with a default period of 200.
Detects bullish crossovers (when fastEMA crosses above slowEMA) and bearish crossunders (when fastEMA crosses below slowEMA).
Generates buy and sell alerts based on these crossovers.
How the Script Works:
EMA Calculation: EMAs are calculated using the closing prices and user-defined periods.
Swing High/Low Detection: Uses the high and low values from the previous length bars to determine the swing points.
Alert Generation: Alerts are triggered when crossovers between the EMAs occur.
How to Use the Script:
Add to Chart: Insert the script into TradingView and apply it to the desired chart.
Configure Parameters:
Adjust the detection period for swing points (length).
Configure the periods for the EMAs (fastLen and slowLen).
Customize the colors for the swing point labels as per your preference.
Monitor Alerts: Use the EMA crossover alerts to make buy or sell decisions. Observe the swing point labels to identify potential trend reversals.
Justification for the Combination:
EMAs: Widely used to identify trend direction. Combining a fast EMA with a slow EMA helps capture both short-term and long-term trend changes.
Swing High/Low: Identifies reversal points in price, which are crucial for determining potential entry and exit points in trades.
Combination:
Combining EMAs and Swing High/Low provides a comprehensive view of price behavior, helping traders to effectively identify trends and reversal points.
This script is useful for traders who want to combine trend analysis (via EMAs) with the identification of reversal points (Swing High/Low), providing a more complete view of price behavior on the chart.
Swing High-Low Line ConnectorSwing High-Low Line Connector is a simple and intuitive tool that automatically detects swing highs and swing lows using fractal-style pivot logic and connects them with clean, continuous lines. This indicator helps traders visualize market structure, trend shifts, and swing-based support/resistance levels at a glance.
The script identifies each confirmed swing point based on a user-defined lookback window (left/right bars). When a new swing is confirmed, the indicator updates the previous leg or creates a new one, effectively drawing the classic “zigzag-style” connections used in discretionary trading and price-action analysis.
A dynamic tail extension is included to show the most recent swing extending toward the current price. By default, the tail follows a ZigZag-style logic—extending upward after a swing low and downward after a swing high—but users can also anchor it to Close, High, Low, or HL2.
Features
Automatic detection of swing highs and swing lows
Clean line connections between swings (similar to discretionary market-structure mapping)
Proper consolidation handling: weaker highs/lows are ignored
Optional ZigZag-style dynamic tail extension
Fully customizable lookback window, line color, and line width
Works on any market and timeframe
Use Cases
Identifying market structure (HH, HL, LH, LL)
Visualizing trend transitions
Spotting breakout levels and swing-based support/resistance
Aiding discretionary swing trading, trend following, or pattern recognition
This indicator keeps the logic simple and visual—ideal for traders who prefer clean chart structure without unnecessary noise.
Swing High/Low (ZigZag) [ChartPrime]Swing High/Low (ZigZag) Indicator
The Swing High/Low (ZigZag) Indicator is a versatile tool for identifying and visualizing price swings, swing highs, and swing lows. It dynamically plots levels for significant price points while connecting them with a ZigZag line, enabling traders to analyze market structure and trends with precision.
⯁ KEY FEATURES
Swing Highs and Lows Detection
Accurately detects and marks swing highs and lows, providing a clear structure of market movements.
Real-Time ZigZag Line
Connects swing points with a dynamic ZigZag line for a visual representation of price trends.
Customizable Swing Sensitivity
Swing length input allows traders to adjust the sensitivity of swing detection to match their preferred market conditions.
Swing Levels with Shadows
Option to display swing levels with extended shadows for better visibility and market analysis.
Broken Levels Marking
Tracks and visually updates levels as dashed lines when broken, providing insights into shifts in market structure.
Swing Direction Display
At the top-right corner, the indicator displays the current swing direction (up or down) with a directional arrow for quick reference.
Interactive Labels
Marks swing levels with labels, showing the price of swing highs and lows for added clarity.
Dynamic Market Structure Analysis
Automatically adjusts ZigZag lines and levels as the market evolves, ensuring real-time updates for accurate trading decisions.
⯁ HOW TO USE
Analyze Market Trends
Use the ZigZag line and swing levels to identify the overall direction and structure of the market.
Spot Significant Price Points
Swing highs and lows act as potential support and resistance levels for trading opportunities.
Adjust Swing Sensitivity
Modify the swing length setting to match your trading strategy, whether scalping, day trading, or swing trading.
Monitor Broken Levels
Use the dashed lines of broken levels to identify changes in market dynamics and potential breakout or breakdown zones.
Plan Entries and Exits
Leverage swing levels and direction to determine optimal entry, stop-loss, and take-profit points.
⯁ CONCLUSION
The Swing High/Low (ZigZag) Indicator is a powerful tool for traders seeking to visualize price swings and market structure. Its real-time updates, customizable settings, and dynamic swing direction make it an invaluable resource for technical analysis and decision-making.
Swing High Low Liquidity Pools with Purge CriteriaThis Pine Script indicator plots dynamic liquidity pool levels from swing highs/lows using two configurable sensitivities (short-term and longer-term), extends lines until breached by a percentage threshold, and displays horizontal All-Time High (ATH) and All-Time Low (ATL) lines. User can choose to hide liquidity pool levels that are no longer active.
Recommended for higher time frames like daily and weekly.
Swing High/Low Pivots Strategy [LV]The Swing High/Low Pivots Strategy was developed as a counter-momentum trading tool.
The strategy is suitable for any market and the default values used in the input settings menu are set for Bitcoin (best on 15min). These values, expressed in minimum ticks (or pips if symbol is Forex) make this tool perfectly adaptable to every symbol and/or timeframe.
Check tooltips in the settings menu for more details about every user input.
STRTEGY ENTRY & EXIT MECHANISMS:
Trades Entry based on the detection of swing highs and lows for short and long entries respectively, validated by:
- Limit orders placed after each new pivot level confirmation
- Moving averages trend filter (if enabled)
- No active trade currently open
Trades Exit when the price reaches take-profit or stop-loss level as defined in the settings menu. A double entry/second take-profit level can be enabled for partial exits, with dynamic stop-loss adjustment for the remaining position.
Enhanced Trade Precision:
By limiting entries to confirmed swing high (HH, LH) or swing low (HL, LL) pivot points, the strategy ensures that trades occur at levels of significant price reversals. This precision reduces the likelihood of entering trades in the midst of a trend or during uncertain price action.
Risk Management Optimization:
The strategy incorporates clearly defined stop-loss (SL) and take-profit (TP) levels derived from the pivot points. This structured approach minimizes potential losses while locking in profits, which is critical for consistent performance in volatile markets.
Trend Filtering for Better Entry:
The use of a configurable moving average filter adds a layer of trend validation. This prevents entering trades against the dominant market trend, increasing the probability of success for each trade.
Avoidance of Noise:
The lookback period (length parameter) confirms pivots only after a set number of bars, effectively filtering out market noise and ensuring that entries are based on reliable, well-defined price movements.
Adaptability Across Markets:
The strategy is versatile and can be applied across different markets (Forex, stocks, crypto) due to its dynamic use of ticks and pips converters. It adapts seamlessly to varying price scales and asset types.
Dual Quantity Entries:
The original and optionnal double-entry mechanism allows traders to capture both short-term and extended profits by scaling out of positions. This adaptive approach caters to varying risk appetites and market conditions.
Clear Visualization:
The plotted pivot points, entry limits, SL, and TP levels provide visual clarity, making it easy for traders to track the strategy's behavior and make informed decisions.
Automated Execution with Alerts:
Integrated alerts for both entries and exits ensure timely actions without the need for constant market monitoring, enhancing efficiency. Configurable alert messages are suitable for API use.
Any feedback, comments, or suggestions for improvement are always welcome.
Hope you enjoy!
Swing High/Low MarkerThis indicator allows you to find the swing highs and lows of the chart and offsets it by the ATR and a custom factor to give you concrete breakout and stop loss prices.
Swing High/Low Levels (Auto Remove)Plots untapped swing high and low levels from higher timeframes. Used for liquidity sweep strategy. Cluster of swing levels are a magnet for price to return to and reverse. Indicator gives option for candle body or wick for sweep to remove lines.
Swing High/Low Levels (Auto Remove)Plots untapped swing high and low levels from higher timeframes. Used for liquidity sweep strategy. Cluster of swing levels are a magnet for price to return to and reverse. Indicator gives option for candle body or wick for sweep.
