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[NORTH2022] SWING INDICATOR WITH MOVING AVERAGE

This indicator is suitable for users who want to check trend by using historical candlestick swing with the "before 2 bars with after 1 bar" concept only as follow:-
  • Swing High (SH) Definition is the high of "N-1" candlestick is higher than the high of "N", "N-2", and "N-3" candlestick, and the high of "N-2" candlestick is higher than the high of "N-3" candlestick.
  • Swing Low (SL) Definition is the low of "N-1" candlestick is lower than the low of "N", "N-2", and "N-3" candlestick, and the low of "N-2" candlestick is lower than the low of "N-3" candlestick.


However, this indicator also provides a moving average for trend confirmation. Users can choose from a number of Moving Averages, including the EMA , SMA , HMA , RMA, WMA , DEMA , TEMA , VWMA , and VWAP.

Remark:
  • SH = Swing High
  • SL = Swing Low
  • N = Current Candlestick
  • N-1 = Previous Candlestick 1 bar
  • N-2 = Previous Candlestick 2 bars
  • N-3 = Previous Candlestick 3 bars
Candlestick AnalysisMoving AveragesTrend Analysis

Script protégé

Ce script est publié en code source fermé et vous pouvez l'utiliser librement. Vous pouvez le préférer pour l'utiliser sur un graphique. Vous ne pouvez pas visualiser ou modifier son code source.

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