I would really appreciate if you guys can share a simple indicator that displays the range of swings.
A picture is worth a thousand words so here you go (obviously with random number, not the real pip count):
It works on the same principle as the zig zag indicator with the difference being it tells you how big the range between one swing point to another is. But with zig zag indicator it's really hard to plot the real swing as it depends heavily on the input parameters. Well, I have to say any definition of swing is subjective anyway. So if this is very hard to do, please let me know. Would also love to have the option of hiding the swing lines.
Thank you so much in advance.
A picture is worth a thousand words so here you go (obviously with random number, not the real pip count):
It works on the same principle as the zig zag indicator with the difference being it tells you how big the range between one swing point to another is. But with zig zag indicator it's really hard to plot the real swing as it depends heavily on the input parameters. Well, I have to say any definition of swing is subjective anyway. So if this is very hard to do, please let me know. Would also love to have the option of hiding the swing lines.
Thank you so much in advance.