Dorschden Swing Trend Solver
The Dorschden Swing Trend solver uses price action and swing points to identify trend. The SiSwings indicator is used inside this solver to identify when swing points are made. This solver will produce a Long output when higher lows (HL) and higher highs (HH) are detected, to identify an up trend. Alternatively, a Short output is produced when lower lows (LL) and lower highs (LH) are detected, to identify a down trend. Essentially, this solver is outputting the OverallTrend Dataseries from the SiSwings indicator, which is the same as using the SiSwings in the Indicator Threshold solver and selecting the OverallTrend output. See the Examples section below for an illustration.
Note that when the market exhibits an extreme expansion in price movement, such as a higher high (HH) followed by a lower low (LL), or a LL followed by a HH, the trend direction is unknown and the output will be 0 until the next swing point is completed.
This video is from our weekly Workshop titled Solvers 12-13, on Sep 26th, 2012.
For more benefit please watch in full screen mode, as this video is recorded in HD.
Example 1: The Basics
- Add the Dorschden Swing Trend solver
- Use the default settings