Swing Trend andSwing Highs & Lows
(Formerly Swings and SwingsHighsLows)
(Formerly named Swings)
This indicator identifies swing points and trends in a zig-zag pattern. It also draws higher highs(HH), lower highs(LH), lower lows(LL), and higher lows(HL) text along with other swing data. Most of the swing data is exposed as a Data Series so it can be used in BloodHound. e.g. Swing duration, height, and percentage. Plus, various calculated price trends based on price action.
This indicator is derived from the PriceActionSwing indicator, and was written by Dorschden, a user of Futures.io. Because we did not create this indicator, we are unable to answer detailed or specific questions about its internal functionality. Those type of questions should be directed/asked on the PriceActionSwing discussion thread on Futures.io, where the author and community members can answer. This indicator is provided for free, and As-Is.
Historical vs. Real-timePlease note, this indicator does not detect reversal points in real-time as the zig-zag lines may appear to suggest. Price must move in the opposite direction for a few bars before the indicator can identify a reversal point. We suggest you watch this indicator on a fast moving range chart in real-time to understand how it operates in real-time.
These are the main settings that control how swing points are calculated.
2. Display Swing Data
The settings in this section determines what information is displayed as text on the chart, and the type of data displayed.
The Data Series output values (see the section below) are controlled by these settings. EG. If Show Duration is set to ‘in Bars‘ the DataSeries SwingDuration will output the number of bars the swing lasted. If set to ‘as MM:SS” the DataSeries SwingDuration will output the total number of seconds the swing lasted. If set to ‘as HH:MM” the DataSeries SwingDuration will output the total number of minutes the swing lasted. All outputs are rounded to 1 decimal place. e.g. If the output is in minutes, then 1.4 is approximately 1 minute and 24 seconds.
3. Visual Characteristics
These settings change the visual style and look of the indicator on the chart. They have no effect when this indicator is used in BloodHound or BlackBird.
4. Gann Swings
These settings only apply when Swing calculation type is set to Gann.
A DataSeries is a way to output data without plotting it on the chart. These DataSeries provide information about a swing as it is forming.
Please note: The data from the four Swing??? DataSeries does not exactly match the zig-zag lines drawn on the chart. The zig-zag lines are their to visually connect the swing point dots, but the lines do not tell you what bar a swing reversal was first detected. A swing reversal is not know until price moves a certain amount in the new swing direction, which typically takes several bars, but the lines always start drawing from the swing dots.
Swing Highs & Lows
(Formerly named SwingsHighsLows)
This indicator plots the swing points of the Swing Trend indicator, as horizontal price lines. The highest high (HH) , lowest low (LL) , lower high (LH) , and higher low (HL) swing points are each plotted separately for more control in BloodHound. The HH and LL are drawn by the Widest plots, and the intermediate LH & HL swing points are drawn by the Tightest plots.
This indicator is based on the PriceActionSwing (Swing Trend) indicator, and was originally written by Dorschden, a user of Futures.io. Because SharkIndicators did not create the PriceActionSwing indicator, we are unable to answer detailed or specific questions about its functionality. Those type of questions should be directed/asked on the PriceActionSwing discussion thread on Futures.io, where the author and community members can answer. This indicator is provided for free, and As-Is.
The other parameter settings come from the Swing Trend indicator. See the Swing Trend settings above.
This image explains the plot naming convention.
The Swings(NT7) and Swing Trend(NT8) indicators (from PriceActionSwings) was written by Dorschden, a user of Futures.io (formerly bigmiketrading.com). We have been given permission to include with BloodHound as a free indicator. The functionality is As-Is, per Dorschden’s design. Some unnecessary sections of the indicator’s code is commented out to improve performance when used with BloodHound.
If either of these indicators provides value in your trading, please consider donating, per Dorschden’s request, to
Requests for changes to these indicators should be directed to the original author Dorschden on Futures.io. The original indicator name is PriceActionSwing. We do not take requests to modify, nor do we resell, other sourced indicators.