Swing Points draw lines connecting swing points from top to bottom. A different color is used for the line if it breaks the previous swing point. The user may change the strength value. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using Swing Points
No trading signals are calculated for this study.
How To Access in MotiveWave
Go to the top menu, choose Study>Overlays>Swing Points
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
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//strength = user defined, default is 10
//index = current bar number
Code may be available on request.