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Swing High Low Detector by RV5

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📄 Description
The Swing High Low Detector is a visual indicator that automatically detects and displays swing highs and swing lows on the chart. Swings are determined based on configurable strength parameters (number of bars before and after a high/low), allowing users to fine-tune the sensitivity of the swing points.

🔹 Current swing levels are shown as solid (or user-defined) lines that dynamically extend until broken.
🔹 Past swing levels are preserved as dashed/dotted lines once broken, allowing traders to see previous support/resistance zones.
🔹 Customizable line colors, styles, and thickness for both current and past levels.
This indicator is useful for:
  • Identifying key market structure turning points
  • Building breakout strategies
  • Spotting trend reversals and swing zones

⚙️ How to Use
1. Add the indicator to any chart on any timeframe.
2. Adjust the Swing Strength inputs to change how sensitive the detector is:
  • A higher value will filter out smaller moves.
  • A lower value will capture more frequent swing points.

3. Customize the line styles for visual preference.
Choose different colors, line styles (solid/dashed/dotted), and thickness for:
  • Current Swing Highs (SH)
  • Past Swing Highs
  • Current Swing Lows (SL)
  • Past Swing Lows

4. Observe:
  • As new swing highs/lows are detected, the indicator draws a new current level.
  • Once price breaks that level, the line is archived as a past level and a new current swing is drawn.

✅ Features
  • Fully customizable styling for all lines
  • Real-time updates and automatic level tracking
  • Supports all chart types and instruments

👨‍💻 Credits
Script logic and implementation by RV5. This script was developed as a tool to improve price action visualization and trading structure clarity. Not affiliated with any financial institution. Use responsibly.
Phát hành các Ghi chú
v2 - added alerts
Phát hành các Ghi chú
v3 - added more line drawings
Phát hành các Ghi chú
v4 - added an input for removing liquidity taken. When checked, it removes previous SH/SL levels that have been swept.

If remains unchecked (default), it will show all past levels.
Phát hành các Ghi chú
updated chart. no other changes.

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