Swing Index is a math expression of the operations activity for the last two bars.
The indicator marks an "actual" instrument price by binding the current (Open, High, Low and Close) and previous prices. The data concerning the open prices must be available for the index calculation.
The following index characteristics should be noted:
Author: Nikolay Kositsin
The Swing Index is a technical indicator that predicts future short-term
A few of the many buy and sell signals are shown below in the chart of the
E-mini Russell 2000 Futures contract:
As can be noted from the chart above of the e-mini futures contract, numerous
buy and sell signals are given. The Swing Index was made for very short-term
The Swing Index is best used in its later format, the Accumulative Swing
Index (see: Accumulative Swing index in MT5 CodeBase)