OPEN-SOURCE SCRIPT
Mis à jour

Swing Bands

3 717
This indicator is a result of experimentation with price action of candle high and lows for quantifying reversals and trend continuation.

The band area shows trend reversal incoming and possible chop.
Middle line is the trend reversal price level. Candle colors change if the close price is above or below the middle line.
Long and short positions can be taken when above or below the bands.
Trend continuations are in effect when price retraces into the bands and breaks above or below in the same direction of the trend.
Notes de version
Update to minimize bar color changes

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.