Swinglines

v10.3
Swinglines

“Swinglines” is an indicator devised by Ira Epstein, that you can see in his YouTube videos (his YT channel https://www.youtube.com/user/IraEpsteinFutures )

He uses this indicator to show the trend, with respect to

  • higher highs
  • lower lows
  • inside days
  • outside days up
  • outside days down

It connects higher highs, lower lows, in case of an Inside day the swingline reverts, in case of Outside days the swingline goes to the part of the bar where Open is.

My only doubt is the case of an Outside “doji” day, that I made equal to an Inside day (the swingline reverts)

Since the indicator is copyrighted I only tried to replicate it by looking at his videos, looking at his charts and listening to his (interesting) comments.

It seems to replicate it 100%

The original Forum thread is here https://www.prorealcode.com/topic/help-with-drawsegment/

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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?

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  1. Ciccio • 88 days ago #

    New version

  2. Ciccio • 88 days ago #

    New version 2.0 on the original Forum thread

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Nicolas
5 months ago
Marcel The line is just a moving average line. The indicator reacts on the Parabolic SAR dots.
Mattzi I dont get the dots! What am i doing wrong? :)
Mattzi Ignore this comment ;)
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Violet Abz, the arrows and circles are only the *first part* of a trade setup. If certain conditio...
gabri Violet, you did an excellent job. I attached here https://www.prorealcode.com/prorealtim...
gabri Gianni, io non faccio trading automatico ma sono sicuro che Nicolas ti potra' aiutare.
Matt B Bonjour, Savez-vous à combien de bougies après apparaît l'ellipse ? Il faut faire attention,...
Matt B RolanBay, L'ellipse apparaît-elle à la bougie notifiée et reste ?
Nicolas But it should, please open a new specific topic in the ProOrder automatic trading forum.
Jean-Claude REGIS Bonjour Quel est le retard d'affichage des points mineurs et majeurs ? Merci de votre rep ...
Nicolas Désolé, je ne comprends pas la question :)
Jessar Hello, could you tell me how to use this indicator? I think the simplest things can still be...
MattD Hi Nicolas, (me again) Can you please clarify the following. maOpen=(maOpen[1]*(MAper...
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Bougnat bonjour, ton screener semble intéressant .... merci pour le partage
atxeel Real Awesome, thank you man!
rispardin no entiendo como funciana este indicador, por favor alguien podria explicar como utilizarlo???
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