OPEN-SOURCE SCRIPT
5-Candle Swing High/Low
Description:
This Pine Script indicator identifies potential swing highs and lows based on a 5-candle pattern. It highlights instances where the current candle's high (or low) is significantly higher (or lower) than the preceding four candles.
Key Features:
Identifies Swing Highs and Lows: Visually marks potential turning points in price action.
Customizable Lookback Period: Allows you to adjust the number of candles considered for swing identification.
Easy to Use: Simple to apply and customize within the TradingView platform.
Disclaimer:
This indicator is for educational and informational purposes only. Trading in financial markets involves significant risk and can result in losses. This indicator should not be considered financial advice and should be used with caution.
This revised description:
Focuses on general concepts: It highlights the indicator's purpose and key features without revealing specific coding details.
Emphasizes user-friendliness: It mentions the ease of use and customization.
Includes a strong disclaimer: It clearly states that the indicator is not financial advice and that trading involves risk.
This revised description is more appropriate for public sharing as it maintains a level of generality while still providing essential information about the indicator.
Note: Even with this revised description, it's crucial to remember that sharing your code publicly can have implications. Always exercise caution and consider the potential risks before making your code publicly available.
This Pine Script indicator identifies potential swing highs and lows based on a 5-candle pattern. It highlights instances where the current candle's high (or low) is significantly higher (or lower) than the preceding four candles.
Key Features:
Identifies Swing Highs and Lows: Visually marks potential turning points in price action.
Customizable Lookback Period: Allows you to adjust the number of candles considered for swing identification.
Easy to Use: Simple to apply and customize within the TradingView platform.
Disclaimer:
This indicator is for educational and informational purposes only. Trading in financial markets involves significant risk and can result in losses. This indicator should not be considered financial advice and should be used with caution.
This revised description:
Focuses on general concepts: It highlights the indicator's purpose and key features without revealing specific coding details.
Emphasizes user-friendliness: It mentions the ease of use and customization.
Includes a strong disclaimer: It clearly states that the indicator is not financial advice and that trading involves risk.
This revised description is more appropriate for public sharing as it maintains a level of generality while still providing essential information about the indicator.
Note: Even with this revised description, it's crucial to remember that sharing your code publicly can have implications. Always exercise caution and consider the potential risks before making your code publicly available.
Skrypt open-source
W prawdziwym duchu TradingView autor tego skryptu opublikował go jako open source, aby inwestorzy mogli go zrozumieć i zweryfikować. Pozdrowienia dla autora! Możesz go używać bezpłatnie, ale ponowne użycie tego kodu w publikacji podlega Zasadom Regulaminu. Możesz go oznaczyć jako ulubione, aby użyć go na wykresie.
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