Swing Highs and Swing Lows
"Swings" are usually very similar to what is zigzag indicator when it comes to metatrader - so you could use zigzag indicator to find out those swings
Hey ThemBonez,
IMO you are asking for a defintion of swings not for an algorithm. mladen already has pointed out the zigzag, which is a possibility for swings. But there are others. Choose one which fits your style/strategie then it would be easy to translate in algorithmic language. i am just guessing, but you should concentrate on how markets work before you think about expert advisors.
Cu
Joe
That is a classical zigzag (if the start and the end of the swing are where that lines starts and ends)
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Hello,
If I wanted to use swing highs and lows to determine fibonacci ratios and to set trailing stop losses from in an expert advisor, what algorithm would I use to determine these swing highs and lows?
I put a chart below indicating what I mean:
Thank You
ThemBonez