BalintDavid

RSI Swing Indicator v2

The 2nd version of this indicator came quick :)

As the previous one, it draws swings on the candlesticks , based on price action and RSI .

Also in the labels you can see if the current swing is higher or lower to the previous one.

HH stands for Higher High
LL stands for Lower Low

LH means Lower High
HL means Higher low

THIS IS NOT A STRATEGY, this is for TREND analysis.

Please stop asking if it "redraws", because it doesn't matter.

The labels are not SELL or BUY signals
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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