5/6 candle swing low swing high Indicator | Forex Factory

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5/6 candle swing low swing high Indicator

  • #1
  • First Post: Jan 17, 2011 2:09pm Jan 17, 2011 2:09pm
Hi guys I am looking for someone that might have an indicator to identify swing high and swing low such as this http://www.swingcurrency.com/wp-cont...g-high-low.png


I would like the indicator to create a fractal in the position of where the solid blue line is at the top or the bottom, it must consist of 5 candles and create the fractal once the 5th candle closes and 6th candle starts. This way it does not repaint, I can place my trade long or short and place stop outside the previous swing.
THanks much.
Attached Image
Know when to hold em, Know when to fold em!
  • #2
  • Jan 17, 2011 2:45pm Jan 17, 2011 2:45pm
I like the Fractals indicator that comes with MT4. It repaints, but that is not a problem once you get used to it.
  • #3
  • Jan 17, 2011 2:56pm Jan 17, 2011 2:56pm
Quoting CodeMeister
I like the Fractals indicator that comes with MT4. It repaints, but that is not a problem once you get used to it.

Fractals predicts swings which is not what I am looking for. I am looking for specific like what is in the picture, it does not need lines above each candle just an identifier something to easily spot and does not cause fakeouts.
Know when to hold em, Know when to fold em!
  • #4
  • Jan 17, 2011 3:36pm Jan 17, 2011 3:36pm
Quoting goods
Fractals predicts swings which is not what I am looking for. I am looking for specific like what is in the picture, it does not need lines above each candle just an identifier something to easily spot and does not cause fakeouts.
Try this one. http://www.forexfactory.com/showthread.php?t=266666 (Post #7)
Works well on H4
Its pretty close to what you are looking for.

Regards
  • #5
  • Sep 11, 2022 6:32am Sep 11, 2022 6:32am
Quoting goods
{quote} Fractals predicts swings which is not what I am looking for. I am looking for specific like what is in the picture, it does not need lines above each candle just an identifier something to easily spot and does not cause fakeouts.

A multi timeframe fractal indicator would be better option . Since a fractal on lower timeframe is formed on the high and low price of a specific higher timeframe Candlestick


Then add a zigzag indicator to yes those fractal swings
  • #6
  • Last Post: Sep 12, 2022 7:25am Sep 12, 2022 7:25am
there are so many indcator by the name of 5 candle swing,or 4 bar setup etc etc
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