SwingIndicator

What is swing?

Swing - it is important price levels, ka which many traders set stop-loss and take-profit. For larger players, this means liquidity and they tend to push prices to these levels. SwingLow - is at least a candle, which is at least below the low of the previous and the next candle. SwingHigh - this is the maximum spark, the maximum of which more than the previous and the next candle. Older tamfreymy more important than younger (H1 important than M5).

How to use SwingIndicator indicator?

SwingIndicator indicator used DLW entrance and exit positions, and set the level below the stop-loss level and take profit at levels themselves.

An indicator:

• TimeFrame - choice of timeframe for the use (M1-MN) for multiple timeframe analysis functions. Swings are displayed with the selected timeframe. If you select "current", to use the current chart timeframe.


• BarsBack - the number of candles on the stories to find swings. Suitable values ​​in the 40-500 candles.


• LineWidth - the thickness of the line, only applies to the solid line.


• LineStyle - line style - solid, dotted, dot-dash, dot-dash with two dots.


• HighSwing - color high SwingHigh


• LowSwing - color minimum SwingLow