Swing Indicator

This indicator helps to detect swing highs and swing lows. Swing high is reaction of sellers. Swing low is reaction of buyers. This indicator can also detect the actual trend. Higher highs and higher lows mean uptrend. Lower highs and lower lows mean downtrend.

Settings

• Timeframe - from which timeframe you want to see Swing highs and Swing lows (default: current)
• BarsBack - number of look back bars
• BuyColor - color for the Swing Low (Buy reaction)
• SellColor - color for the Swing High (Sell reaction)
• InBackground - show in the background