Swing High/Low Scalper

Overview

The Swing High/Low Scalper is built for traders who want structured entries and disciplined stop-loss placement during momentum shifts. It blends smoothed Force Index analysis with swing-based price structure to identify moments when momentum and key levels align.

When directional bias changes, the indicator plots clear trade signals and automatically calculates the nearest logical stop-loss using recent swing highs or lows.

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Core Logic

Force Index Bias Detection

• Uses the Force Index (price × volume change), smoothed with an EMA.
• Helps confirm sustained bullish or bearish momentum.

Signal Memory & Noise Reduction

• The indicator remembers the last signal (buy/sell).
• A new signal is only generated when the directional bias changes.
• Helps avoid redundant alerts in sideways or choppy markets.

Swing-Based Stop-Loss Placement

• On signal confirmation:
  • Buy: Stop-loss is plotted near the most recent swing low.
  • Sell: Stop-loss is plotted near the most recent swing high.
• Safety checks are applied during extreme or uncertain conditions.

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Key Features

• Dynamic stop-loss plotting using structural swing points
• Visual background bias:
  • Green tint = Bullish bias
  • Red tint = Bearish bias
• Clean and minimalist chart labels
• Scales across multiple timeframes (1-minute to daily)

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What Makes It Unique

• Unlike basic momentum or swing tools, it uses a state-tracking system.
• Signals are only triggered when:
  • There is a true momentum shift, and
  • Swing structure supports the move.
• Prioritizes signal quality over frequency, using real price action for stop-loss logic instead of arbitrary formula-based levels.

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How to Use

1. Apply to Chart

Load the indicator on any timeframe or asset.

2. Monitor Trade Signals

• Green Up Arrow = Buy
• Red Down Arrow = Sell

3. Use Stop-Loss Labels

• Stop-loss levels are plotted automatically based on recent swing highs/lows.

4. Watch Background Bias

• Green background → Bullish momentum
• Red background → Bearish momentum

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Disclaimer

This tool is intended to support technical analysis and trade planning.
It is not financial advice and does not guarantee performance.
Always apply independent risk management when trading.

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TradingView Link

To view this indicator on TradingView: Click here