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Wizard Swing Detector
Interpret the Indicator
Swing Detection:
Swing highs and lows are identified based on the Swing Length.
Bullish and bearish ranges are derived from these swings.
Trendlines:
Green trendlines represent bullish ranges (average range).
Red trendlines represent bearish ranges (average range).
Bar Highlights:
Green Bars: Close price is above both the bullish order averages.
Red Bars: Close price is below both the bearish order averages.
White Bars: Bars not strongly above/below the order ranges.
Dynamic Table:
Displays averages of bullish and bearish ranges.
Shows whether the current bar is above bullish, below bearish, or neutral.
Alerts:
Labels appear for the first bar above bullish (green), below bearish (red), or neutral (white).
Utilize Alerts for Trading Decisions
Buy Signals:
Bars highlighted in green indicate a potential bullish trend.
Look for confirmation from price action (e.g., breaking resistance) before entering.
Sell Signals:
Bars highlighted in red indicate a potential bearish trend.
Consider selling or shortening if price aligns with a bearish breakout.
Neutral Bars:
Bars highlighted in white suggest indecision or consolidation. Avoid making major trading decisions during these periods.
Combine with Other Indicators
This indicator is not a standalone strategy. It works best when combined with:
Volume Analysis: Ensure ranges signals align with high volume for confirmation.
Trend Indicators: Use moving averages, RSI, or MACD to confirm overall market direction.
Support/Resistance: Validate ranges locations with key support and resistance levels.
Customize for Specific Strategies
Adjust Swing Length and Max ATR Multiplier to match your trading style (e.g., scalping vs. swing trading).
Use table data to monitor average ranges levels for dynamic stop loss and take profit placement.
Alerts and Automation
Enable alerts for green and red bars to get notifications in real time.
"Disclaimer: This indicator is intended for educational purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own research and consult with a licensed financial advisor before making any trading decisions."
Swing Detection:
Swing highs and lows are identified based on the Swing Length.
Bullish and bearish ranges are derived from these swings.
Trendlines:
Green trendlines represent bullish ranges (average range).
Red trendlines represent bearish ranges (average range).
Bar Highlights:
Green Bars: Close price is above both the bullish order averages.
Red Bars: Close price is below both the bearish order averages.
White Bars: Bars not strongly above/below the order ranges.
Dynamic Table:
Displays averages of bullish and bearish ranges.
Shows whether the current bar is above bullish, below bearish, or neutral.
Alerts:
Labels appear for the first bar above bullish (green), below bearish (red), or neutral (white).
Utilize Alerts for Trading Decisions
Buy Signals:
Bars highlighted in green indicate a potential bullish trend.
Look for confirmation from price action (e.g., breaking resistance) before entering.
Sell Signals:
Bars highlighted in red indicate a potential bearish trend.
Consider selling or shortening if price aligns with a bearish breakout.
Neutral Bars:
Bars highlighted in white suggest indecision or consolidation. Avoid making major trading decisions during these periods.
Combine with Other Indicators
This indicator is not a standalone strategy. It works best when combined with:
Volume Analysis: Ensure ranges signals align with high volume for confirmation.
Trend Indicators: Use moving averages, RSI, or MACD to confirm overall market direction.
Support/Resistance: Validate ranges locations with key support and resistance levels.
Customize for Specific Strategies
Adjust Swing Length and Max ATR Multiplier to match your trading style (e.g., scalping vs. swing trading).
Use table data to monitor average ranges levels for dynamic stop loss and take profit placement.
Alerts and Automation
Enable alerts for green and red bars to get notifications in real time.
"Disclaimer: This indicator is intended for educational purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own research and consult with a licensed financial advisor before making any trading decisions."
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僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡WIZARDTRENDS。
請注意，此私人、僅限受邀使用者使用的腳本未經腳本審核員審核，其是否符合社群規範尚待確定。 TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
FEEL FREE TO REACH US
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡WIZARDTRENDS。
請注意，此私人、僅限受邀使用者使用的腳本未經腳本審核員審核，其是否符合社群規範尚待確定。 TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
FEEL FREE TO REACH US
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。