Swing Teller indicator

Swing Teller indicator

This indicator is a part of a swing strategy described as follows by users in the forum:

Swing +1 starts when a candle closes higher then the 3 candles before.  And the swing -1 starts when the candle closes lower then 3 candles before. When a Fully swing has appeared (Swing 1 -> 9) it stops counting because the 10th candle is called the resting candle. If the 11th candle also closes higher then the 3 candles before the swing starts again at swing 1 (in green colour and red for -1). Also if a swing doesn’t succeed in reaching number 9, the swing has failed and an “F” letter appear above or below the candlestick.

The main purpose of this indicator is to signal a reversal. When a full swing +9 or -9 has appeared the chances of an upcoming bottom or a top increases a lot. A fully upswing +9 combined with a red 10th candle suggest to exit your long position. Its the same for a downswing -9 combined with a 10th green candle means exit your short position.

This swing counter indicator has been coded by request in the English forum. The 1 to 9 numbers distance form high or low of candlestick can be modified with the “CountDistance” setting.

The complete discussion can be found here: https://www.prorealcode.com/topic/rewrite-code-to-prorealtime-code/


Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. JohnVS • 04/07/2017 #

    Hey Nicolas,
    Absolutly brilliant work. Thanks very much for your work, time and patience
    Its exactly what i was looking for and even the “F” feature is better then in the original 🙂

  2. JohnVS • 04/07/2017 #

    hi nicolas,
    I have a a question regarding the countdistance.
    Since the stock have a wide range of price sometimes is quite far away or very close to the candlestick. Would it possible to change it a little to making it depending on the price the number comes under or above say 1% of the price. It will keep the number in a fixed place.
    If you can make it a variable everyone can change it to ones liking.
    Hope you know what i mean

  3. JohnVS • 04/07/2017 #

     Hi Nicolas,
    There is a little problem in the swingcounter on the week charts.
    When the weeks are not complete as in being 5 days the counter plots 2 numbers on 1 bar as you can see on the picture included. Hope you can take a look at it.

    • Nicolas • 04/07/2017 #

      It’s a platform related problem currently being investigated. 

  4. JohnVS • 04/07/2017 #

    okay thanks,
    Hopefully u had a chance to check the other question too?
    Since the stock have a wide range of price sometimes is quite far away or very close to the candlestick. Would it possible to change it a little to making it depending on the price the number comes under or above say 1% of the price. It will keep the number in a fixed place.
    If you can make it a variable everyone can change it to ones liking.

    • Nicolas • 04/07/2017 #

      I’m pretty sure you can do it yourself John! Please don’t be shy 🙂

  5. century • 04/07/2017 #

    thanks for this work , quite interesting
    but i would like the same thing as JohnVS , 😉

  6. platypus • 04/07/2017 #

    Bonjour Nicolas,
    Merci pour cet indicateur. Juste une question : les chiffres “upcount” en vert ne ressortent pas sur le graphique. Est-il possible de les mettre en noir ou en bleu foncĂ© et comment procĂ©der ?
    Merci par avance pour votre réponse.

    • Nicolas • 04/07/2017 #

      Il faut simplement changer les codes RVB de toutes les instructions “Coloured”. Il y a des exemples dans la documentation du site :https://www.prorealcode.com/documentation/coloured/

    • platypus • 04/07/2017 #

      Bonjour Nicolas,
      Merci pour votre réponse. Grace à celle-ci, le désagrément a été rectifié. Reste à bien utiliser votre indicateur.
      Encore merci. Cdlt

  7. swapping • 04/07/2017 #

    Wonderfull script, thank all’s

  8. ricksportel • 04/07/2017 #


    So how are things working out with this indicator 9 months later? Did it help you a lot?

    I just got familiar with the Swingteller by watching some great videos featuring Nico Bakker. I also just added the indicator to ProRealtime to check it out. I see a lot more ‘F’s compared to ‘9’s, so I am really curious to know how exactly you use it.

    By the way, I managed to make CountDistance percentage based. Checkout the attached code.

  9. ricksportel • 04/07/2017 #

    //PRC_swing teller live count2 | indicator
    //version with rounded numbers and below/above each candle
    //Nicolas @ http://www.prorealcode.com
    //Sharing ProRealTime knowledge

    // — settings
    // — end of settings


    //continue swing Up
    if UpCount>0 and Close>Close[Lb] then

    //draw count
    if UpCount=2 then
    drawtext(“2”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)
    elsif UpCount=3 then
    drawtext(“3”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)
    elsif UpCount=4 then
    drawtext(“4”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)
    elsif UpCount=5 then
    drawtext(“5”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)
    elsif UpCount=6 then
    drawtext(“6”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)
    elsif UpCount=7 then
    drawtext(“7”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)
    elsif UpCount=8 then
    drawtext(“8”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)
    elsif UpCount=9 then
    drawtext(“9”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)
    //reset count
    //up swing fail
    elsif UpCount>0 and Close0 and Close0 and Close>Close[Lb] then
    //draw fail count
    drawtext(“F”,barindex,high+(high*CountDistance-high),Dialog,Standard,12) coloured(200,0,0)
    //reset count

    //begin swing Up
    if UpCount=0 and barindex-last9bar>1 then
    r = close[Lb]
    if close>r then
    //draw count
    drawtext(“1”,barindex,low-(low*CountDistance-low),Dialog,Standard,12) coloured(0,200,0)

    //begin swing Down
    if DownCount=0 and barindex-last9bar>1 then
    r = close[Lb]
    if close<r then
    //draw count
    drawtext("1",barindex,high+(high*CountDistance-high),Dialog,Standard,12) coloured(200,0,0)


  10. Edward Small • 04/07/2017 #

    The F markers are nice but many seem to fail and not signal a reversal. But my main concern is the 9 limit seem to be fixed for the time frame used which can change the dynamic of price movement so whole that seems to me to be a lot of guess work. 9? why not 6 or 10 or 14. Your chart is a daily I see that ok perhaps 9 is good on a daily but what about an hourly or 30 min.

  11. Regan2020 • 52 days ago #

    Hi, has anybody update the above code to enable on a 15m or 5m TF?

  12. gigi64 • 23 hours ago #

    ik heb de code op mijn pro realtime gezet , en bij indicator staat hij erbij maar komt niet op mijn daggrafiek ook niet op 15 of 1 uur grafiek wat doe ik verkeerd

  13. gigi64 • 15 mins ago #

    I have put the code on my pro realtime, and it is on the indicator, but it does not appear on my daily graph nor on 15 or 1 hour graph what am I doing wrong

Register or


avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
XXXXVII Fixed ITF Trend Background //Indicateur CCI ID2 = CCI[50] => 60 ID3 = CCI[100] => 60...
Sanglier thanks ! i have been looking forward to find something like this
Screw27 Hi man, I installed the indicator and i don't know why but my graph it is so big
HelixKing sounds interesting I'll take a look
Darren Nash Thanks Souhail, in the end i just copy/paste the logic with variables and it works. I rem...
Darren Nash One thing to note also for DOW trading if using IG, change the buy/sell qty from 1 to 2
mostafa samady How can I optimize it for DAX 30? Thanks!
born2trading hello Nicolas, sorry for off-topic question, but can you tell me what kind of indicator you ...
Nicolas Not an indicator but an option in PRT v11.
Screw27 Salut nicolas j'aimerais savoir tes résulats grace a cettte methode
Nicolas Yes why not?
MajorBasse IÂŽm wondering which parameter decides the color of the average? Is the color decided by the ...
MajorBasse And also, the boolean "ulinreg" messes up the backtest, how do I define it?
Nicolas Il faut l'appliquer sur le prix, en allant dans les paramĂštres du prix.
tonycom95 Bonjour Nicolas est ce que cet outil est utilisable sur les actions ? Désolé si ma question ...
Nicolas Bien sûr, pourquoi pas ?
Nicolas No, all codes on our website are to be used with ProRealTime: https://www.prorealtime.com/en/
Nicolas Poni qui la tua domanda se Ăš correlata a questo indicatore, altrimenti apri un nuovo argomen...
bob789 Once you download it, how do you upload it into PRT? thanks
Nicolas How to import file page: in the help section of the website explains howto
kenssa import through the indicator page/window in the Proreal time
Jan Hi Adante79 I hope you have already found your answers for autotrade, the variables has to...
Jan Also the variables on top ( var1 0-69 and var2 0-69), those variables are needed to determin...
Jan It might be a good idea to reduce the average to 15 instead of 30 to reduce market noise eff...
Stockastiss Can this code be simply transferred into Backtestingcode so one doesnt need to use call ? (i...
Vonasi Sorry for the late reply. Add the code to your strategy and remove line 5 and line 39. Chang...
leofi https://www.prorealcode.com/topic/simple-average-with-visual-color/
leofi Go visit www.prorealcode.com/topic/simple-average-with-visual-color/ and watch 2em post
Dritan Hi,I am new on Prorealtime and coding.I downloaded the indi but I have it on a separate wind...
Balmora74 thanks for this code Philippo ! So if i understand well a Positive (+) EntryOK x ROC means a...
Dritan Hi Philippo,thanks for sharing this code.Can You add please Volume more than 250.00?Thanks
Nicolas Use the color variables R and G to test if the trend is bullish (R=0) or bearish (R>0).
s00071609 Where can i find the syntax to test the colour of the line, I am calling the indicator value...
Nicolas You should open a new topic to discuss about the strategy and its coding.
Byggtrader Hi Nicolas! How do I get the indicator in the price chart? It only stays under i new chart.
Nicolas Just add it on the price chart by using the wrench on the left upper side of the chart (pric...
scarphace38 Bonsoir, je découvre PRT et je n'arrive pas a afficher le meme résultat pour l'indicateur de...
Dom Hello, hello....je commence le trading et dĂ©couvre par la mĂȘme occasion le codage....et ce n...
Nicolas Merci, ça fait plaisir !
Globalmarkets79 What is the price of p and j?
Vonasi p can be any look back period you want. If you downloaded and imported the indicator as sugg...
Globalmarkets79 Thank you Vonasi for the answer. I have an other question. When i tried to run the indicator...
11 months ago
Jan Wind "There are two methods of using Kagi: We buy when there is a turnaround and sell when there...
Nicolas Thanks, let us know how it is going?
Jan Wind Hallo Nicolas, I have tested the pre-mentioned concept, and had to change the concept : ...