Past swing high swing low

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12/21/2022 at 10:31 AM #206119 quote

Johan
Participant

Average

Whats the easiest way to check past swing high or swing low? I need to check if swing low or high i rising or lowering to strengthen my systems knowledge of the trend. If the past 2 or 3 swing lows is rising i don’t want to trade short and vice versa if the past 2 or 3 swing high is lower to each other i don’t want to trade long…

Have anybody done something similar before and want to share that code?

12/21/2022 at 12:36 PM #206130 quote
robertogozzi
Moderator

Master
A swing is when there are two opposite candlesticks, with the leftmost one making a new high/low within the last N periods:
```
ONCE Periods = 20
ONCE hi1     = 0
ONCE hi2     = 0
ONCE hi3     = 0
ONCE lo1     = 0
ONCE lo2     = 0
ONCE lo3     = 0
Bullish = close > open
Bearish = close < open
NewHigh = (high = highest[Periods](high))
NewLow  = (low  = lowest[Periods](low))
HIswing = Bullish[1] AND Bearish AND NewHigh[1]
LOswing = Bearish[1] AND Bullish AND NewLow[1]
IF HIswing THEN
   hi3 = hi2
   hi2 = hi1
   hi1 = high[1]
ENDIF
IF LOswing THEN
   lo3 = lo2
   lo2 = lo1
   lo1 = low[1]
ENDIF
```
hi3 is the oldest swing high, hi2 is the previous one and hi1 is the current one. The same if the LOWs. You can compare them as suits you best.

You may also filter SWINGs with other indicators or price action, to get rid of as many false signals as possible.
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Past swing high swing low

ProOrder: Automated Strategies & Backtesting

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Johan @johan_holmberg Participant

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This topic contains 1 reply,
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3 years, 2 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	12/21/2022
Status:	Active
Attachments:	No files

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