OPEN-SOURCE SCRIPT
Price Swing Detection - Smart Money Concept
已更新
Since my own style is Smart Money Concept and these days I have seen a lot of my friends who are having trouble identifying structures for their indicators and strategies. I wrote this code so they could use it in their strategy . In fact, this type of structure, as one of the strongest technical structures, can increase the success of your strategy according to your personalization.
The script detects swings (i.e. significant highs and lows) in a financial instrument's price action over a specified period. The user can set the lookback period (number of candles to consider) and the colors of the lines representing bullish and bearish trends.
The script has two functions: detectSwing and pivot high. The detectSwing function calculates the swing highs and lows for the specified number of candles. The function uses the ta.highest and ta.lowest functions to find the highest and lowest prices, respectively, over the lookback period. The function also determines the swing state (high or low) of the current candle and returns the calculated swing values.
The pivot high function calculates the pivot high, which is an important step in detecting bullish structures in the market. If a new top (i.e. swing high) is found, the script updates the pivot high values and creates a line from the recent top to the last bar. The script also updates the trailing maximum values, which are used to extend the top extension line.
For Strategy :
The variable "trendDirection" in the code is used to keep track of the trend state, either bullish (up trend) or bearish (down trend), in the market. The variable is initialized to 0 which represents a downtrend. The value of this variable is updated later in the code based on the calculations of swing highs and lows, pivot crosses, and the trailing maximum. If a bullish structure is detected, the value of "trendDirection" is set to 1, indicating an uptrend.
The script detects swings (i.e. significant highs and lows) in a financial instrument's price action over a specified period. The user can set the lookback period (number of candles to consider) and the colors of the lines representing bullish and bearish trends.
The script has two functions: detectSwing and pivot high. The detectSwing function calculates the swing highs and lows for the specified number of candles. The function uses the ta.highest and ta.lowest functions to find the highest and lowest prices, respectively, over the lookback period. The function also determines the swing state (high or low) of the current candle and returns the calculated swing values.
The pivot high function calculates the pivot high, which is an important step in detecting bullish structures in the market. If a new top (i.e. swing high) is found, the script updates the pivot high values and creates a line from the recent top to the last bar. The script also updates the trailing maximum values, which are used to extend the top extension line.
For Strategy :
The variable "trendDirection" in the code is used to keep track of the trend state, either bullish (up trend) or bearish (down trend), in the market. The variable is initialized to 0 which represents a downtrend. The value of this variable is updated later in the code based on the calculations of swing highs and lows, pivot crosses, and the trailing maximum. If a bullish structure is detected, the value of "trendDirection" is set to 1, indicating an uptrend.
發行說明
Part of the code was related to the identification of low structure was difficult and fixed. Also, in terms of writing, the code was updated to a clearer version.
開源腳本
在真正的TradingView精神中，這個腳本的作者以開源的方式發佈，這樣交易員可以理解和驗證它。請向作者致敬！您可以免費使用它，但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。
想在圖表上使用此腳本？
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。