Anjink V3 Purpose:
Identify Market Swings:
Detects significant highs and lows in the price movement using parameters like Depth, Deviation, and Backstep.
Plots trendlines connecting these swing points.
Labels these swing points with S (Sell) for swing highs and B (Buy) for swing lows, indicating potential trading opportunities.
Trend Analysis:
Plots three key moving averages (MA 20, MA 50, MA 200) for trend-following strategies.
Helps traders understand the short-term, mid-term, and long-term trends.
Volatility and Risk Metrics:
Uses ATR (Average True Range) to measure market volatility.
Displays the ATR percentage (volatility as a percentage of the price) and a calculated stop-loss percentage (1.5x ATR) for risk management.
Trend Visualization:
Dynamically updates swing levels and trendlines as the market evolves.
Highlights the trend direction with a background color:
Red: Downtrend (Bearish).
Green: Uptrend (Bullish).
