OPEN-SOURCE SCRIPT
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)
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)
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.