SWING PRICE ACTION INDICATOR
LOW TO HIGH formation;
SUPPOSE GO TO LOW TO HIGH 3 CANDLE ;
1)CALCULATE 3 CANDLE RANGE ;80
2) CALCULATE NUMBER OF BAR;3
3)RATIO;20
4) sub VALUE =NOW 3* 20=60 ; 3 IS BAR COUNT , 20 IS MY RATIO VALUE IT WILL BE CHANGE ACCORDING TO STOCK AND CURRENCY
5) RANGE - sub VALUE;
80 - 60 =20 IS WILL BE ADD TO PREVIUS SWING LOW +20 (lower level) ,HIGH +20 ( higher level )
CONDITION IS
LOW T0 HIGH FORMATION
1)RANGE IS GREATER THEN VALUE ;
FOR EXAMPLE RANGE IS 80 ;
subVALUE IS 60;
HERE RANGE IS GREATER THEN VALUE SO NOW 80-60 =20 ,WILL BE ADD TO LOW +20(lower level) AND HIGH +20( higher level )
2)RANGE LESSER THEN VALUE
RANGE 80
VALUE 100
HERE 80-100 =20
HERE(lower level) LOW -20,HIGH -20( higher level )