Swing Structure Scanner [LuxAlgo]

Description:
The Swing Structure Scanner Indicator is a dashboard type indicator which displays a Consolidated "High/Low-Only" view of swing structure, with the capability to retrieve and display swing points from up to 6 different tickers and timeframes at once.

How to Use:
This indicator displays swing structure data from up to 6 unique tickers or timeframes; Each graph represents the current swing structure retrieved from the requested chart/s.

Each swing graph displays the current live swing point positioning relative to the previous swing points. By analyzing the different formations, patterns can more easily be recognized and found across multiple tickers or timeframes at once.

This indicator serves as a nifty tool for confluence recognition, whether that's confluence throughout market tickers, or confluence through higher timeframes on the same ticker.

Alternatively, viewing the relative positioning of each swing point to each other, should give a clearer idea when higher lows or lower highs are formed. This can potentially indicate a newly forming trend, as well as serving as a warning to watch for breakouts.

The swing length can be changed to align with each individual's strategy, as well as a display look back can be adjusted to show more or less swing points at one time.

Example:



Availability:

• Free
• Open-Source

Linkback: https://www.forex.zone/tradingview-pine-script-indicators/41/swing-structure-scanner-luxalgo/4559/