Swing Reversal Auto Targets [JPT] - Module 1

31 jul

🔷 OVERVIEW

Swing Reversal Auto Targets [JPT] is an original Pine Script® v6 indicator that automatically detects confirmed Swing Highs and Swing Lows, identifies market structure, and builds a visual framework for potential reversal opportunities.

The indicator classifies price action into Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL), allowing traders to follow trend development and identify key reversal zones without manually drawing market structure.

🔷 HOW IT WORKS

The indicator continuously scans price using confirmed pivot swings.

Bullish Structure

A bullish structure develops when the market forms:

• Higher Low (HL)

• Higher High (HH)

These swings indicate that buyers are maintaining control of the trend.

Bearish Structure

A bearish structure develops when price forms:

• Lower High (LH)

• Lower Low (LL)

These swings indicate increasing selling pressure and a possible downtrend.

Every confirmed swing is automatically labeled and plotted on the chart using non-repainting pivot confirmation.

🔷 VISUAL FEATURES

• Automatic Swing High Detection

• Automatic Swing Low Detection

• Higher High (HH) Labels

• Higher Low (HL) Labels

• Lower High (LH) Labels

• Lower Low (LL) Labels

• Dynamic Swing Support Levels

• Dynamic Swing Resistance Levels

• Horizontal Swing Projection

• Historical Swing Visualization

• Clean Market Structure Display

• Customizable Colors

🔷 MARKET STRUCTURE ENGINE

The built-in Swing Engine automatically classifies market structure using confirmed pivot points.

Supported structure:

• Higher High (HH)

• Higher Low (HL)

• Lower High (LH)

• Lower Low (LL)

This helps traders quickly recognize trend continuation and possible reversal areas.

🔷 INPUTS

Available settings include:

• Pivot Length

• Show Swing Labels

• Show Swing Levels

• Extend Swing Levels

• Bullish Color

• Bearish Color

🔷 ALERTS

Built-in alerts are available for:

• New Swing High

• New Swing Low

These alerts can be connected to TradingView's notification system.

🔷 COMMON WORKFLOW

A typical workflow is:

Wait for a confirmed Swing High or Swing Low.
Observe the HH, HL, LH, or LL label generated by the indicator.
Use the dynamic swing levels as potential support or resistance.
Combine the market structure with your own trend analysis, price action, or additional confirmation before making trading decisions.

🔷 MARKETS

This indicator can be used on:

• Forex (including AUDUSD)

• Gold (XAUUSD)

• Cryptocurrency

• Stocks

• Indices

• Futures

• Commodities

It is compatible with multiple timeframes and trading styles.

🔷 BEST PRACTICES

Many traders combine swing structure with:

• Trend Analysis

• Support & Resistance

• Break of Structure (BOS)

• Change of Character (CHoCH)

• Fair Value Gaps (FVG)

• Order Blocks

• EMA 50 / EMA 200 Trend Filter

• Higher Timeframe Analysis

These concepts are optional but can provide additional context when evaluating market structure.

🔷 UPCOMING FEATURES

Future updates may include:

• EMA 50/200 Trend Filter

• Swing Reversal Buy/Sell Signals

• Automatic Entry Price

• Stop Loss Calculation

• TP1, TP2, TP3 Auto Targets

• Risk/Reward Visualization

• Dashboard

• Advanced Alert System

🔷 DISCLAIMER

This indicator is provided as a technical analysis tool for educational and informational purposes only. It highlights confirmed swing structures based on historical price action and does not predict future market movements or guarantee trading results. Always perform your own analysis, apply proper risk management, and consider additional market factors before making trading decisions.

Jos-ProTrader

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1 ago

Notas de prensa

Added EMA 50/200 trend filter and Swing Reversal Buy/Sell signals.