Wait patiently for a break of this consolidation. You will likely see a lot of whipsaw action or chart patterns like bullflags or head-shoulders. When the lines are parallel, it is considered a form of consolidation. The asset will trade inside the range established by the swing high/low lines. Once a swing number is declared, the indicator will look for a starting swing high and swing low. If the middle candle has the lowest low, it will be a Swing Low. If the middle candle has the highest high of the 5 consecutive candles, it will be classified as a Swing High. This means that a candle must have two candles to the right AND left (totaling 5 consecutive candles) to be considered a swing level. By default, the indicator is set to two candles. To use it, declare how many candles are needed to determine a swing level. This indicator can be used on all time frames and in any market. By connecting these peaks and troughs, we can determine the general direction the asset is trading. A swing high/low is a technical pattern that describes a local peak or trough on a chart. This tool is the swing high swing low indicator.
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