Need Swing High/low indicator for mt4 | Forex Factory

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Need Swing High/low indicator for mt4

  • #1
  • First Post: Feb 22, 2013 2:28pm Feb 22, 2013 2:28pm
Hello! I've been looking for a good swing high/low indicator that adequately indicates swing highs and swing lows, but sadly couldnt find any. Attached is a picture that explains what swing highs and swing lows are. Also 2 indicators are attached...both are flawed because they 'miss' to draw some swings. They miss swings in which the bar immediately to the left of the pivot bar is an inside bar. Also they seem to miss swings if the bar to the immediate right is an inside bar.

What i would like from this indicator (if its possible):

1. It doesnt matter what the 1st bar is. It can be an inside bar, an engulfing anything.
2. The 2nd bar (the pivot bar) must be higher than the bar to the IMMEDIATE left (the 1st bar) by at least 1 pip.
3. The 3rd bar CAN take the HIGH of the 2nd bar (the pivot bar) but by no more than 1pip.

Is there such an indicator out there or can someone make one if it its not too much trouble? Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 35 KB
Attached Image
Attached File(s)
File Type: ex4 Flexi_bars_swing.ex4   5 KB | 7,473 downloads
File Type: ex4 ROIAlert.ex4   6 KB | 4,946 downloads
  • #2
  • Feb 22, 2013 3:08pm Feb 22, 2013 3:08pm
Quoting Alexone
Hello! I've been looking for a good swing high/low indicator that adequately indicates swing highs and swing lows, but sadly couldnt find any. ........
Hi Alex,

I think Recent SR will do the job (with the parameters set as shown in the screenshot), but please check that the lines in the screenshot meet your requirement, before you spend time experimenting with it. The parameters marked with red arrows are the ones that need to be set exactly as shown.

The key is the VisibilityLevel setting. At "1,1" it means that there needs to be 1 lower high each side of the qualifying candle (highest high). If, for example, you set it to "3,2" it would mean that there must be at least 3 lower highs immediately preceding the candle, and 2 lower highs following it. You can set ClearancePips to the number of pips that the candle's high must exceed the neighboring highs, in order to qualify.

For further info, check the Word doc attached to post #1 in the Recent SR thread.

David
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-23_0958_001.png Size: 141 KB
  • #3
  • Feb 22, 2013 4:21pm Feb 22, 2013 4:21pm
Thank you for the reply. I can see that you put a lot of work in this and id like to congratulate you. However with the settings you recommended it skips too many swings. And the ones i highlighted with the trendlines are only swing highs. It skips swing lows as well. And 2nd i would have wanted the 3rd bar to be able to take the HIGH of the pivot bar but with less than 1p and for the indicator to still show a swing high.

Were there other conditions i needed to set because in the pic you posted you didnt show all the indicators options. The rest are set to default.
Attached Image (click to enlarge)
Click to Enlarge Name: swing high low.gif Size: 35 KB
  • #4
  • Feb 22, 2013 5:07pm Feb 22, 2013 5:07pm
Quoting Alexone
Thank you for the reply. I can see that you put a lot of work in this and id like to congratulate you. However with the settings you recommended it skips too many swings. And the ones i highlighted with the trendlines are only swing highs. It skips swing lows as well. And 2nd i would have wanted the 3rd bar to be able to take the HIGH of the pivot bar but with less than 1p and for the indicator to still show a swing high.

Were there other conditions i needed to set because in the pic you posted you didnt show all the indicators options. The rest...
Looks like you've found a bug. When there are multiple highs/lows in the same band (level), it seems that it plots a line for only the leftmost of these. I will fix it when I get some spare time.

Anyway, good luck with your search. I hope that you can find an indy that meets all of your requirements.
  • #5
  • Edited 10:38pm Feb 24, 2013 8:06pm | Edited 10:38pm
Try the attached:
--- Download the .mq4 and .ex4 files to your ..../experts/indicators folder.
--- Download the .mqh files to your ..../experts/include folder.

If you want to use the alerts facility, the alert parameters are explained in the 'OPERATIONAL NOTES' section here.

If you're running Win7 or Vista, you may need to do this.
Attached File(s)
File Type: ex4 Swing alerts.ex4   29 KB | 8,223 downloads
File Type: mq4 Swing alerts.mq4   4 KB | 9,837 downloads
File Type: mqh hanover --- extensible functions.mqh   113 KB | 5,960 downloads
File Type: mqh hanover --- function header.mqh   13 KB | 5,660 downloads
  • #6
  • Feb 25, 2013 8:26am Feb 25, 2013 8:26am
Wow! I dont know how u managed to do this but this is what i wanted. Its true it takes some extra swings now but this is the best version there is for swing highs/lows. Tx so much man, u are very skilled!
  • #7
  • Mar 27, 2013 5:28am Mar 27, 2013 5:28am
Can you translate this into lua for TS 2 please?

Thanks!
  • #8
  • May 27, 2013 4:42am May 27, 2013 4:42am
Has anyone had issues in using the Swingalert ind ?
I've tried to install it on a chart(by dragging and dropping), but it doesn't appear.

I've made changes to the UAC as suggested, but still nothing happens.
Other indicators that I've down loaded are all working OK.

Anyone else encountered this, or any suggestions on how to fix it ?
  • #9
  • Nov 29, 2016 10:17am Nov 29, 2016 10:17am
Hi, Please explain how to trade by using the above pattern
  • #10
  • Dec 12, 2016 7:59pm Dec 12, 2016 7:59pm
Try https://www.mql5.com/en/code/15616
it is a configurable swing high and low point detector.
Buy, Sell, plus this other thing equals Profit!
  • #11
  • May 10, 2017 12:50pm May 10, 2017 12:50pm
Quoting hanover
Try the attached: --- Download the .mq4 and .ex4 files to your ..../experts/indicators folder. --- Download the .mqh files to your ..../experts/include folder. If you want to use the alerts facility, the alert parameters are explained in the 'OPERATIONAL NOTES' section here. If you're running Win7 or Vista, you may need to do this. {file} {file} {file} {file}
Hi Hanover. I know this thread is a bit dated. I wanted to reach out and ask you if this indy is still a good resource? Are you still using it? Have you made any updates? How successful was it in indicating the swings? I just thought I'd ask these questions. Please advise and thanks.
  • #12
  • May 10, 2017 1:31pm May 10, 2017 1:31pm
Quoting Anyname
I wanted to reach out and ask you if this indy is still a good resource? Are you still using it?
I don't recall ever using the indicator. It looks like I wrote it for Alexone, in reply to his/her request in post #3.

The best free S/R (or S/D) indicators I've discovered are Slipshod's and bredin's. Those are links to the original versions; I've modified the default settings, and have attached the versions that I most recently used below.
Attached File(s)
File Type: ex4 SS_SupportResistance_v07 (1).ex4   79 KB | 3,657 downloads
File Type: ex4 II_SupDem v2.ex4   35 KB | 3,057 downloads
  • #13
  • May 10, 2017 5:33pm May 10, 2017 5:33pm
Quoting hanover
{quote} I don't recall ever using the indicator. It looks like I wrote it for Alexone, in reply to his/her request in post #3. The best free S/R (or S/D) indicators I've discovered are Slipshod's and bredin's. Those are links to the original versions; I've modified the default settings, and have attached the versions that I most recently used below. {file} {file}
Wow! Thanks for the share Hanover. I am downloading them now. This may lead to more questions. Thanks for all the help!
  • #14
  • Edited 7:49pm May 10, 2017 7:31pm | Edited 7:49pm
Quoting hanover
{quote} I don't recall ever using the indicator. It looks like I wrote it for Alexone, in reply to his/her request in post #3. The best free S/R (or S/D) indicators I've discovered are Slipshod's and bredin's. Those are links to the original versions; I've modified the default settings, and have attached the versions that I most recently used below. {file} {file}
Thanks again for sharing. I will have to do some serious homework to learn how to put these Indies to use. I definitely appreciate your willingness to share with me. Having stated that, would you by chance have a Higher High, Higher Low, Lower High Lower Low Indie with a alert feature? Something that will make a sound when Lower Lows and Higher Highs take place. Please advise and thanks again for all you do for the FF Community.
  • #15
  • Edited May 11, 2017 2:13am May 10, 2017 10:42pm | Edited May 11, 2017 2:13am
Quoting Anyname
would you by chance have a Higher High, Higher Low, Lower High Lower Low Indie with a alert feature?
I don't know any indicator that does that specifically (I don't trade that way), but attached is a ZIP containing all of the zigzag (i.e. HH HL LH LL) type indicators that I found in my archive; you will need to try them yourself to see if they have alerts that do what you require. (Note: Some of the older MQ4s might need the build 509 compiler -- can be downloaded here -- to compile correctly). No doubt Googling something like "zigzag mt4 indicator" will find many more.
Attached File(s)
File Type: zip ZZ Indicators.zip   2.2 MB | 3,301 downloads
  • #16
  • May 11, 2017 6:31am May 11, 2017 6:31am
Quoting hanover
{quote} I don't know any indicator that does that specifically (I don't trade that way), but attached is a ZIP containing all of the zigzag (i.e. HH HL LH LL) type indicators that I found in my archive; you will need to try them yourself to see if they have alerts that do what you require. (Note: Some of the older MQ4s might need the build 509 compiler -- can be downloaded here -- to compile correctly). No doubt Googling something like "zigzag mt4 indicator" will find...
Thanks a million. By the way, how do you trade?
  • #17
  • May 11, 2017 10:07pm May 11, 2017 10:07pm
Quoting Anyname
how do you trade?
Mainly by pairing currencies that are strong, ideally both fundamentally and price (momentum) wise in H4/D1/W1, against those that are weak, then entering on pullbacks to S/D on shorter TFs. Cut losses and then exit when fundamentals no longer apply or strikes strong S/R on longer (H4/D1/W1) TFs.

Having said that, trading is merely a hobby for me, I'm only a part timer who runs a couple of small accounts. I enjoy tinkering with different ideas and strategies.
  • #18
  • May 12, 2017 7:56am May 12, 2017 7:56am
I like! Thanks again for sharing!
  • #19
  • Jun 2, 2017 9:08am Jun 2, 2017 9:08am
Hello everyone,
For Hanover or someone who can help me with the indicator swing alerts, I have to change timeframe and return to the previous one to see if a new line has been drawn, the problem is that it does not automatically, In the folder that is saved, I can not make it work automatically.
Thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 020617 SWING ALERTS 1.jpg Size: 108 KB
Click to Enlarge Name: 020617 SWING ALERTS 2.jpg Size: 43 KB
Attached Image
  • #20
  • Jun 2, 2017 4:11pm Jun 2, 2017 4:11pm
Quoting bosco
I can not make it work automatically.
Try the attached. I can't test it because my br0ker is closed for the weekend.

It now re-plots all of the lines on each new price tick, hence it may cause MT4 to run slowly, especially if you set LookbackCandles to a large value.
Attached File(s)
File Type: ex4 Swing alerts.ex4   23 KB | 2,614 downloads
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