RT Price-Action Swings — Real-Time High/Low (No Pivots)

What it is:
A pure price-action tool that prints the latest Swing High and Swing Low in real time—no pivot/zigzag look-ahead, no indicators beyond price. Each swing comes with a dashed horizontal line (extends forward ~75% of a chosen bar window) and a label with the exact price.

How it works (simple):

Tracks the running peak in an up-leg and the running trough in a down-leg.

As soon as price pulls back by a threshold (ATR×multiplier or % move), the prior extreme is finalized as a Swing High/Low and drawn immediately.

Optional filters (off by default):
BOS (break of structure) & a basic reversal candle check to reduce noise.

Only the most recent Swing High and most recent Swing Low stay on the chart.

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How to use it for scalping

A) Break-and-Go (momentum continuation)

Use when: market’s trending or momentum is strong (session open, news impulse, strong index breadth).

Wait for a fresh Swing High (in trend up) or Swing Low (in trend down).

Entry: Buy on a clean break above the Swing High line (or sell on a break below the Swing Low line).
Tip: For fewer fakeouts, require the break on candle close or a quick retest that holds.

Invalidation/Stop: Just beyond the opposite swing (tight, mechanical).

Longs: stop a tick below the current Swing Low.

Shorts: stop a tick above the current Swing High.

Targets:

First target = 1R (equal to risk).

Runner to 2R–3R or trail under/over minor HL/LH prints.

Filters (optional): Turn on Confirm at Close and BOS to avoid micro breaks in chop.


B) Break-Retest (structure respect)

Use when: trend is steady, not vertical.

Break of the Swing High/Low line occurs.

Price pulls back to the broken line and rejects (wick + quick reclaim).

Enter in the direction of the original break.

Stop = just past the line (tight), Target = 1.5R–2R or next intraday level.


C) Fade the Edge (range scalp)

Use when: market’s ranging, low volatility.

Let the tool print a new Swing High near the top of the range.

Look for failure to hold above that swing line (wick-through + close back below).

Short with stop just above the swing label; target the opposite swing or VWAP.
(Inverse for longs at range lows.)