Swing High/Low Indicator w/ MACD and HTF EMA's
Swing High/Low Indicator w/ MACD and EMA Confirmations by KaizenTraderB
I designed this indicator to be used with a market structure break strategy.
It labels swing highs and lows that are confirmed by the MACD.
It also displays a higher timeframe Fast and Slow EMA to determine directional bias.
Also provides alerts that signal Swing Low breaks in downtrends and Swing High Breaks in uptrends.
It draws a horizontal line on the last Swing High and Low.
Display this indicator on your entry timeframe and choose your Higher Timeframe in settings.
You can also change lookback period for Swing Highs and Lows and EMA's.
When I use this I am looking for the Swing High/Low break in direction of HTF Trend
Then look for pullback between price level of break and areas of liquidity (wicks, order blocks, price congestion) for entry in direction of EMA trend.
I designed this indicator to be used with a market structure break strategy.
It labels swing highs and lows that are confirmed by the MACD.
It also displays a higher timeframe Fast and Slow EMA to determine directional bias.
Also provides alerts that signal Swing Low breaks in downtrends and Swing High Breaks in uptrends.
It draws a horizontal line on the last Swing High and Low.
Display this indicator on your entry timeframe and choose your Higher Timeframe in settings.
You can also change lookback period for Swing Highs and Lows and EMA's.
When I use this I am looking for the Swing High/Low break in direction of HTF Trend
Then look for pullback between price level of break and areas of liquidity (wicks, order blocks, price congestion) for entry in direction of EMA trend.
Versionsinformation:
- Alert Fix
Versionsinformation:
- Bug Fix
- Alert Fix
- Improved Higher Time Frame EMA's to eliminate repainting and gaps - Used for Higher Time Frame Directional Bias
- Added Color to most Recent Swing High and Low lines to indicate preferred direction of trade based on HigherTimeFrame Directional Bias - In direction of Green
- Alert Fix
- Improved Higher Time Frame EMA's to eliminate repainting and gaps - Used for Higher Time Frame Directional Bias
- Added Color to most Recent Swing High and Low lines to indicate preferred direction of trade based on HigherTimeFrame Directional Bias - In direction of Green
Versionsinformation:
- Another fix to alerts