The Swing Point indicator is an useful indicator for trading price breakouts. Alternately, it is also used by traders to determining market turning points, and for placing stop-losses.
A swing point is a candle high or a candle low which is surrounded by lower High on either side, or a lower Low on either side. When the recent swing low crosses above the recent swing high by a distance of REVERSE_POINT points, or a recent swing high crosses below the recent swing low by a distance of REVERSE_POINT points, the indicator defines it as a decision point and marks it on the chart.
Traders prefer to place stop-losses below Swing Points for buy positions, and above Swing Points for sell positions.
BUY - Enter BUY trade when price closes above the most recent Swing Point. Place stop-loss below the nearest Swing Point which is below the current price.
SELL - Enter SELL trade when price closes below the most recent Swing Point. Place stop-loss above the nearest Swing Point which is above the current price.13. Swing_Point.jpg13. Swing_Point.zip
Please visit our sponsors
Results 1 to 1 of 1
Thread: Swing Point – VertexFX Indicator
-
16-10-2015, 03:57 AM #1
- Join Date
- Oct 2015
- Posts
- 149
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Swing Point – VertexFX Indicator
-
Sponsored Links
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.