PROTECTED SOURCE SCRIPT

MWA swing high & low

237
This indicator identifies and connects significant swing highs and swing lows on the chart using customizable pivot-based logic. It creates a ZigZag-style structure that helps traders visually analyze price action, market structure, and trend direction.

🧠 Key Features:
Detects pivot highs and lows using left/right bar logic.

Plots a ZigZag line connecting swings for easy visual tracking.

Labels each swing as "Swing High" or "Swing Low".

Fully customizable settings: pivot sensitivity, label color/size, and line color.

📈 How to Use:
Use it to spot higher highs/lows or lower highs/lows in trending markets.

Identify structure shifts that may signal trend reversals.

Combine with support/resistance, Fibonacci, or other structure-based tools for confirmation.

Suitable for discretionary or rule-based strategies.

⚠️ Disclaimer:
This script is a visual analysis tool. It does not generate buy/sell signals and does not claim profitability. Past structure patterns do not guarantee future results.

Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.