This indicator is a mechanical tool that tells the user exactly what the market trend is at any time, based on the teachings of Legendary trader, Mr. William D. .
called this tool the “Trendline Indicator,” but it has popularly become known as the “Swing Chart” by present-day traders.
In October 1909, Richard Wyckoff watched for 25 market days (the markets traded on Saturdays back then), where made 286 trades, both long and short. Two hundred sixty-four (264) of these trades were profits.
The Swing Chart was Gann’s primary trading tool helping him achieve these phenomenal trading results.
This indicator, now available to you in TradingView, automatically displays the swing chart and trend on any timeframe.
Selecting “Show Trend,” will light the background of the chart up, showing if the trend is “Up,” “Down,” or “Uncertain.”
The indicator is also fully customizable to display “Break Lines,” which indicate potential trend changes ahead of time.
Additional features include data about each bar and swing to give the user vital information, and the data points currently available include:
This indicator selection allows the user to identify precisely what each bar is, as per WD Gann’s Instructions.
Each of the 4 bar types includes:
Up bars, Down bars, Inside bars, Outside bars
Displaying the date of swing tops and bottoms allows the user to stay on top of significant announcements and events in the economy. Often, market reversals occur right around critical economic events.
This indicator selection allows the user to identify the time of the swing tops and swing bottoms. Designed for intra-day traders, this setting displays the exact time of tops and bottoms on any timeframe to help stay ahead of any important announcement.
Price analysis is critical for every technical analyst, and displaying the price of swing tops and bottoms allows the trader or investor to stay on top of essential in the market. Identifying potential levels keeps traders ahead of the herd.
Identifying each swing’s price range gives the trader or investor critical information. Have you ever wondered if a market is gaining momentum or losing momentum? Knowing if price ranges are expanding or contracting is key, and this setting quickly displays what every swing range is doing.
What is the average number of bars up or down? Markets can only move in one direction for so many bars before a reversal. Simply displaying the number of bars between each swing gives the analyst valuable insights into overbought or oversold trends. Gann's famous “7-10 bar” rule identifies potential reversals, and this simple indicator setting can help any market participant stay ahead of the pack.
The TIA Swing Indicator is an indicator that EVERY trader & investor should have at their fingertips. It is critical for long-term investors and short-term traders to know the trend of their market and vital information about the upswings and downswings. The TIA Swing Indicator is the indicator to help.
See the Author's instructions below to get access to this package.
Projected swing break line.
Projected swing break line.
- Swing TOP break
- Swing BOTTOM break
- UP trend
- DOWN trend
- UNCERTAIN trend
Added auto decimal conversion for range and price labels.
Added auto unit conversion for range and price labels.
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact PineQuery for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.
Get access to the package here https://indicators.tiacrypto.com/product...
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