Swing Point Highs and Lows Indicator

The Swing Point Highs and Lows Indicator is an MT4 indicator that tells you about recent swings. By applying the indicator, you can go long or short easily. The indicator comes with major/minor swing colors along with their sizes and a moving average. In addition, whenever there is a change in trend, the indicator draws a major and a minor circle. The moving average act cautionary guide to confirm the swing lows/highs. Therefore, whenever a trend changes its course, you can have the opportunity to trade accordingly. How to trade with the Swing Point Highs and Lows Indicator? As mentioned earlier, swing point highs and lows give you an overall picture of recent price swing lows and highs. It is easiest to follow tells you exactly at what time to enter long or short. The EMA that comes with the indicator act signal confirmation. This is really helpful when there is high market volatility, filters out the unnecessary market noise. Let’s find out the buy and sell strategy for the indicator: Swing Point Highs and Lows Indicator buy strategy Locate the recent swing low circle. Wait for the trend to continue its path. Enter the long trade at the candlestick where the swing low circle pops up, or enter at the next candle for a conservative approach. Put stop-loss below the recent swing low. Point the take-profit at the next swing high. Swing Point Highs and Lows Indicator sell strategy Locate the recent swing high circle. Wait for the trend to continue its path. Enter the short trade at the candlestick where the swing low circle pops up, or enter at the next candle for a conservative approach. Put stop-loss above the recent swing high. Point the take-profit at the next swing low. Conclusion You can apply this indicator on any timeframe. The 55-period EMA will help you declutter the market noise. As there is no holy-grail system, the possibility of loss does exist with the indicator. You can combine the indicator with oscillators like the RSI or Stochastics for further confirmation of the signals.