[NORTH2022] SWING INDICATOR WITH MOVING AVERAGE

31 Jan 2022

This indicator is suitable for users who want to check trend by using historical candlestick swing with the "before 2 bars with after 1 bar" concept only as follow:-

• Swing High (SH) Definition is the high of "N-1" candlestick is higher than the high of "N", "N-2", and "N-3" candlestick, and the high of "N-2" candlestick is higher than the high of "N-3" candlestick.
  
• Swing Low (SL) Definition is the low of "N-1" candlestick is lower than the low of "N", "N-2", and "N-3" candlestick, and the low of "N-2" candlestick is lower than the low of "N-3" candlestick.
  

However, this indicator also provides a moving average for trend confirmation. Users can choose from a number of Moving Averages, including the EMA , SMA , HMA , RMA, WMA , DEMA , TEMA , VWMA , and VWAP.

Remark:

• SH = Swing High
  
• SL = Swing Low
  
• N = Current Candlestick
  
• N-1 = Previous Candlestick 1 bar
  
• N-2 = Previous Candlestick 2 bars
  
• N-3 = Previous Candlestick 3 bars