Swing High/Swing LowSwing High/Swing Low shows levels where market recently turned up, producing a new swing low (red dots) or turned down, leaving a new swing high (green dots).
This indicator finds market turns based on at least 3 candles.
To detect a swing low , this indicator is looking for two candles with lower highs and lower lows. Then, if the third or any subsequent candle closes above the high of the first candle, market has turned up producing a swing low.
Similarly, to detect a swing high , the indicator is looking for two candles with higher highs and higher lows. Then, if the third or any subsequent candle closes below the low of the first candle, market has turned down producing a swing high.
Additionally, if there are inside candles after first candle, those are skipped and and overall pattern is analyzed without them.
Swinglows
Stochastic + Stochastic RSIJust a basic indicator I rigged up to help reduce screen real estate that ended up providing more insight than expected; overlays both the stochastic and stochastic RSI. While I initially made this to save space, I've begun to pick up on some interesting patterns in cryptocurrencies based on the divergence of stochastic from the stochastic RSI, and the comparison of their swing lows.
Left all settings modifiable, since this is simply a combination indicator I've left the source code open unlike other proprietary indicators I use.
Happy trading!
Austin Doyle
CTO
Crypto Playhouse
