divergence software, inc.
Development & Consulting Services
Product Detail
Price Action Swing for TradingView
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
The Price Action Swing for TradingView indicator will track swings based on a degree of movement which you specify using multiples of a user-defined ATR (Average True Range).
The benefit to this approach for swing definition is that the indicator can be used on all securities and on all timeframes with no adjustment required (with a point-based or percent-based swing definition you would typically have to make adjustments to your definition whenever you move between symbols and/or intervals).
In addition to the swings themselves, the indicator will optionally plot a series of swing metrics above/below each swing. These metrics include:
- ATR value on the swing bar
- Point movement in the swing
- Swing price (high/low)
- Swing retracement
- Swing Slope
- Number of bars in Swing
The indicator will also optionally plot a user-defined set of Fibonacci retracement levels overlaying the most current swing.
All cosmetics can be adjusted via the script menu, and all components can be toggled on/off.
Specifications
- Product ID: TV0020
- Study only, no source code provided
- Requires TradingView