Swing Logic |
This parameter has three settings available:
•ATR Multiple: The minimum swing size will be determined based upon a multiple of ATR that you define. This is the most flexible option since the logic will automatically transition when you change symbols and/or bar intervals.
•Point Move: The minimum swing size will be based upon a point move that you define.
•Percent Move: The minimum swing size will be based upon a percent move that you define.
The default is ATR Multiple.
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ATR Multiple |
Input the multiple of ATR to be used if ATR Multiple is selected under Swing Logic. The default is 2.5 ATRs. |
Point Move |
Input the minimum point move required to define a swing if Point Move is selected under Swing Logic. The default is 5.0. |
Percent Move |
Input the minimum percent move required to define a swing if Percent Move is selected under Swing Logic. The default is 0.5 (i.e., 1/2 of 1%) |
Show Pivots? |
If this box is checked then each swing will be highlighted with a pivot marker (a small colored triangle). |
Show Text? |
If this box is checked then various metrics will be calculated and printed above/below each swing. The metrics displayed are price, swing volume, swing bars, and swing retracement. |
Swings |
Select the color to be used to draw the swing lines. The default is blue. |
Upper Piv |
Select the color to be used to draw upper swing pivots. The default is green. |
Lower Piv |
Select the color to be used to draw lower swing pivots. The default is red. |
Text |
Select the color to be used to draw the swing metrics if this feature is turned on. The default is black. |
