Click here to Login








Swing Trading Indicator (STI)

by SystemTra.de, 2844 days ago
Share |






The Swing Trading Indicator (STI) is designed to calculate the last swing point that occurred on or before each bar.

A swingpoint is defined as a local high or low for a certain minimum number of bars. You can define this minimum number through parameter, standard is set to 5 bars.

Note the special treatment on outside swing bars (a bar that has both a swing high and a swing low). Without having lower timeframe data, it is not possible to determine the sequence of the high and low. Therefore the following logic is applied:
a) if the outside swing bar has a red candle (close lower than open), the STI will be the 'high' swing level
b) if the outside swing bar has a green candle (close higher than open), the STI will take the 'low' swing level
c) if the close of the outside swing bar is equal to the open, then this bar will be ignored and the swing level of the previous bar will be returned.

For better visibility you should e.g. set the plot parameter 'chart type' to 'ChartPoint' and 'style' to 'StyleSymbolHdash'


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 1113


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects
Show All
Highlight Periods (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 9 Notes Report an item
Covariance (by Stefan Kroscen, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 69 Notes Report an item
Beta (by Stefan Kroscen, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 39 Notes Report an item
Support and resistance lines based on N-Minutes high/low of a trading session (by Caleb, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 31 Notes Report an item
Relative Performance/Return Chart - Compare Several Assets/Stocks (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 126 Notes Report an item
Industry Index Name (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 47 Notes Report an item
Sector Rotation Model - SRM (by bug man, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 42 Notes Report an item
Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Display several stock market charts with one click

Fundamental Screen based on Stock price, ROI and Market capitalization

6 techniques to improve the performance of your stock trading strategy

Trading System: Buy stocks with the highest Sharpe ratio

Create indicators, composites and trading systems using QL and CSharp

Custom Indicator: Accumulation Distribution Line

Custom Indicator: Relative Strength

Custom Indicator: Moving average spread

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2019 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.