The Swing Profile Analyzer is a comprehensive tool designed to provide traders with valuable insights into swing frequency profiles, enabling them to identify key price levels and areas of market interest.
⯁ KEY FEATURES
Swing Frequency Profiles Automatically plots frequency profiles for each swing, highlighting price distribution and key levels of significance.
Point of Control (POC) Line Marks the price level with the highest number of closes within a swing, acting as a key area for potential price reactions.
Customizable Trend Display Allows users to toggle between displaying profiles for bullish swings, bearish swings, or both, offering tailored analysis.
Integrated ZigZag Lines Visualizes swing highs and lows, providing a clear picture of market trends and reversals.
Dynamic Profile Visualization Profiles are color-coded to indicate the frequency of closes, with the highest value bins distinctly marked for easy recognition.
Max Frequency Highlight Displays numerical values for the most active price level within each profile, showing how many closes occurred at the peak bin.
Updates only after swing formed Profiles and POC lines automatically appear after swing is done
⯁ HOW TO USE
Identify Critical Price Levels Use the POC line and frequency distribution to locate levels where price is likely to react or consolidate.
Analyze Swing Characteristics Observe swing profiles to understand the strength, duration, and behavior of market trends.
Plan Entries and Exits Leverage significant price levels and high-frequency bins to make more informed trading decisions.
Focus on Specific Trends Filter profiles to analyze bullish or bearish swings based on your trading strategy.
⯁ CONCLUSION The Swing Profile Analyzer is an essential tool for traders seeking to understand price dynamics within market swings. By combining frequency profiles, POC levels, and trend visualization, it enhances your ability to interpret and act on market movements effectively.
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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