Swing Points

The Swing Points indicator uses relevant price-action information to identify key levels of Support and Resistance. Traders will be able to use current day Swing Points as well as mirror higher time frame Swing Points to gain a stronger understanding of overall market strength and key levels.

The aim of this script is to improve the users trading experience by offering a versatile toolkit that can be used in a wide variety of trading strategies to help simplify the complexities of the market.


USAGE

Throughout the trading day, the script will automatically identify key High and Low levels in the market based on currently relevant price action information, giving users potentially strong support and resistance levels which serve to guide the trader throughout the complexities in the market.

The script will also Identify powerful Order Blocks which are clusters of orders executed at a specific price level which represent an imbalance between supply and demand. By identifying Order Blocks, the script can indicate valuable supply and demand zones which help signal potential market turning points for the trader.

Furthermore, the script allows the user to mirror higher time frame Swing Points onto lower time frame charts to gain a stronger understanding of overall market strength and key levels on multiple time frames from a single chart.


SETTINGS

Configuration

Pivot Strength: Determines the sensitivity of the pivot calculation. A higher strength will result in less pivots being drawn, and a lower strength will result in more pivots being drawn.

Current Time frame

• Display: Determines whether or not Swing Points from the current time frame will be drawn on the chart.

5 Minute (Higher Time Frame)

• Display: Determines whether or not Swing Points from the 5 minute time frame will be drawn on the chart.

15 Minute (Higher Time Frame)

• Display: Determines whether or not Swing Points from the 15 minute time frame will be drawn on the chart.

30 Minute (Higher Time Frame)

• Display: Determines whether or not Swing Points from the 30 minute time frame will be drawn on the chart.

1 Hour (Higher Time Frame)

• Display: Determines whether or not Swing Points from the 1 hour time frame will be drawn on the chart.

4 Hour (Higher Time Frame)

• Display: Determines whether or not Swing Points from the 4 hour time frame will be drawn on the chart.

Daily (Higher Time Frame)

• Display: Determines whether or not Swing Points from the daily time frame will be drawn on the chart.