Swing Chart Indicator
Unfortunately this indicator is no
longer available, but you may find Short Term Support and Resistance an interesting alternative!
Description
- Provides an easy way to view trends by removing market "noise" and the time factor. Can be used in conjunction with several forms of technical analysis to obtain more accurate predictions and take-profit and stop-loss points. There is an old market adage: "The trend is your friend." Swing charts can help you find it.
Key Features
- Trends can be discerned by simply looking for progressively higher highs and lows (which form a stair-like pattern) or by drawing trend lines.
- Previous highs can be used as take-profit points
- Previous "step" bottoms throughout a trend can be used as moving stop-loss points
|
Indicator Categories
Free eBook
| |
Get our
FREE E-Book
"6 Simple
Trading Indicators
YOU Overlooked"
|
|
|
 
|
