TradingView
vsnfnd
Jun 19, 2020 5:48 AM

SwingArm ATR Trend Indicator 

AMEX:SPY5
SPDR S&P 500 ETF TRUSTArca

Description

⋅
The general idea of using SwingArms is to provide a visual confirmation of a trend change.

  • Green for bullish (BUY)
  • Red for bearish (SELL)


A color-coded system providing an easy way for a novice to understand.

Converted to TradingView based on the work of Jose Azcarate.

I hope you guys enjoy.
VolatilityVolatility StopTrend AnalysisATRtrailingstopatrstopreversal
Comments
PineCoders
⋅
vsnfnd
⋅
@PineCoders, 🙏
MichaelColantoni
⋅
Looks very effective.
Are there instructions for its use and interpretation somewhere?
MichaelColantoni
⋅
@vsnfnd, Thank you, I appreciate your reply.
MichaelColantoni
⋅
@vsnfnd, One more question if you don't mind. As the TV version is not as complete as the TOS version, do you regard the TV version as less effective? Is it effective for trading in this reduced form? I am in Australia, so I do not have access to TOS. The videos I have already watched are complex and really only help with the TOS version. I am looking for a simple explanation of the components of the indicator so that I can work out how to properly implement and interpret it.
vsnfnd
⋅
@MichaelColantoni, With the ToS version, you get additional indicators (from other developers). But what you have here is the standard version of the SwingArm.
MichaelColantoni
⋅
@vsnfnd, Thanks again. I understand.
SK0L
⋅
@MichaelColantoni, so where are the instructions lol
PineCoders
⋅
This publication will be featured in our "Best Scripts of The Month" selection. Thank you for your valuable contribution to the TradingView community, and congrats!
More