Swing High Low Detector by RV5

31 Mei

📄 Description
The Swing High Low Detector is a visual indicator that automatically detects and displays swing highs and swing lows on the chart. Swings are determined based on configurable strength parameters (number of bars before and after a high/low), allowing users to fine-tune the sensitivity of the swing points.

🔹 Current swing levels are shown as solid (or user-defined) lines that dynamically extend until broken.
🔹 Past swing levels are preserved as dashed/dotted lines once broken, allowing traders to see previous support/resistance zones.
🔹 Customizable line colors, styles, and thickness for both current and past levels.
This indicator is useful for:

• Identifying key market structure turning points
  
• Building breakout strategies
  
• Spotting trend reversals and swing zones
  

⚙️ How to Use
1. Add the indicator to any chart on any timeframe.
2. Adjust the Swing Strength inputs to change how sensitive the detector is:

• A higher value will filter out smaller moves.
  
• A lower value will capture more frequent swing points.
  

3. Customize the line styles for visual preference.
Choose different colors, line styles (solid/dashed/dotted), and thickness for:

• Current Swing Highs (SH)
  
• Past Swing Highs
  
• Current Swing Lows (SL)
  
• Past Swing Lows
  

4. Observe:

• As new swing highs/lows are detected, the indicator draws a new current level.
  
• Once price breaks that level, the line is archived as a past level and a new current swing is drawn.
  

✅ Features

• Fully customizable styling for all lines
  
• Real-time updates and automatic level tracking
  
• Supports all chart types and instruments
  

👨‍💻 Credits
Script logic and implementation by RV5. This script was developed as a tool to improve price action visualization and trading structure clarity. Not affiliated with any financial institution. Use responsibly.

31 Mei

Nota Keluaran

v2 - added alerts

1 Jun

Nota Keluaran

v3 - added more line drawings

6 Jun

Nota Keluaran

v4 - added an input for removing liquidity taken. When checked, it removes previous SH/SL levels that have been swept.

If remains unchecked (default), it will show all past levels.

6 Jun

Nota Keluaran

updated chart. no other changes.