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Swing High/Low Breach Without Close

This indicator helps traders identify potential reversal opportunities by detecting precise wick-based swing level breaks. It specifically looks for:

1. Swing highs/lows that formed with significant wicks
2. Current price action that wicks through (but doesn't close beyond) these levels

Key Features:
- Automatically identifies swing points that formed with substantial wicks
- Detects when price wicks through these levels without closing beyond them
- Dynamic marker positioning that scales with your chart
- Customizable swing length and wick size parameters
- Clean, uncluttered visual signals
- Built-in alert conditions for both high and low breaks

Customizable Inputs:
- Swing Length: Number of bars to calculate swing points
- Minimum Wick Size %: Required wick size as percentage of candle body
- ATR Period: Used for dynamic marker positioning
- ATR Multiplier: Adjusts marker distance from price

Trading Applications:
- Identify potential reversal points
- Spot failed breakouts early
- Recognize price rejection at key levels
- Filter out weak swing levels by focusing on significant wicks

Note: This indicator works best when combined with other forms of analysis and proper risk management.

[Version 1.0]
- Initial release
- Added dynamic scaling for better visibility
- Implemented wick percentage filtering

Penafian