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Swing Tunnel Institutional Structure


Introducing our dynamic Swing Tunnel indicator, a powerful and straightforward tool designed to simplify market analysis while providing invaluable insights for traders. This versatile indicator relies on the interplay of two moving averages, forming a visual "tunnel" that changes color, offering clear signals for bullish and bearish market conditions. Let's delve into its features:

  1. Swing Tunnel Color Change: The heart of this indicator lies in the Swing Tunnel—a visual representation of market sentiment. The tunnel undergoes a seamless transition between red and green, intuitively signaling shifts in market dynamics. A vibrant green hue signifies a bullish trend, while a striking red denotes a bearish trend. This color-based approach makes it effortless for traders to interpret market conditions at a glance.

  2. Internal Swing Analysis: Complementing the Swing Tunnel's color shifts, we introduce the concept of internal swings. These swings are expertly plotted based on breakouts from the Swing Tunnel's boundaries. Each time there's a breakout, a new internal swing is formed. These swings convey four distinct trend scenarios: Bearish, Bullish, Bearish Correction, and Bullish Correction. This insightful feature aids traders in distinguishing between primary trends and corrective movements within them.

  3. External Swing Perspective: Beyond the internal swings, we offer an external swing perspective—an essential tool for understanding the broader market context. The indicator skillfully identifies swing highs and swing lows, constructing a channel-like visualization. Here, too, colors play a pivotal role in conveying market trends: green signifies a bullish trend, while red indicates a bearish trend.

Customization is paramount in trading, and we've taken this into account. Our indicator provides user-friendly input parameters, allowing you to fine-tune the trend colors for the Swing Tunnel, internal swings, and external swings to match your personal preferences.

In essence, our Swing Tunnel indicator is designed to offer traders a simplified yet comprehensive view of market trends. Its intuitive color-coded system, coupled with the ability to discern primary trends from corrections, makes it a standout tool in your trading arsenal. Whether you're a seasoned trader or just starting out, this indicator can be your trusted companion, providing the insights you need to make informed trading decisions with confidence. It might just be the only indicator you'll ever need.


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Versão 1.11 2023.10.06
- plot projection on the POC & Value area high/low fix
Versão 1.10 2023.10.05
Improvement
Versão 1.9 2023.09.30
-improvement
Versão 1.8 2023.09.29
-volume object update
Versão 1.7 2023.09.29
-volume profile value area update
Versão 1.6 2023.09.28
-code optimization
-initial volume profile setting is plotted to 10. It can be change from the input parameter "initial amount of plotted volume profile
Versão 1.5 2023.09.27
- update to vol profile color
Versão 1.4 2023.09.26
- volume profile update
- algo optimization
Versão 1.3 2023.09.23
- volume profile
Versão 1.2 2023.09.14
- bug fix to the external swing
Versão 1.1 2023.09.08
- bug fix to the zz