Swing Point Indicator

🔍 How does it work?
He looks at a candle and compares it with a number of candles to the left and right.

If that candle is the highest of that group, then it is a swing high.

If that candle is the lowest, then it is a swing low.
📈 What do you use it for?
Reading market structure:

You can easily see higher highs / higher lows (bullish structure)

Or lower highs / lower lows (bearish structure)

Determining BOS & CHoCH:

If a new swing low breaks below the previous one → Break of Structure (BOS)

If you go from HH/HL to LH/LL → Change of Character (CHoCH)

Finding entry and exit points:

You know where to expect price reactions (at swing points)

Good for pullback entries or stop loss placement

Drawing smart zones:

You can draw from swing high to swing low for Fibs, order blocks or S&D zones
*** Translated with DeepL.com/Translator (free version) ***