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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  1. Ciccio • 05/10/2019 #

    New version

  2. Ciccio • 05/10/2019 #

    New version 2.0 on the original Forum thread

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