SwingArcher's Swing Indicator takes 3 indicators into consideration particularly 21EMA, Monthly VWAP and 14 RSI. It checks for Uptrend first and then for Downtrend. If the price is above 21EMA or Monthly VWAP or above 50 RSI or Oversold region of RSI then it generates BUY Signal otherwise generates SELL Signal for vice-versa.
Please note that there exists no special calculation but only 3 indicators as mentioned above to generate these signals.
PLEASE NOTE:
1. It is expected that you deploy this indicator in a DAY Chart timeframe as it generates signals on Day Chart.
2. The chart used in the display is for Crude Oil.
3. It is advised that you use Heikin-Ashi Candles so that you can make better entry and exits.
