PROTECTED SOURCE SCRIPT

MWA swing high & low

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This indicator identifies and connects significant swing highs and swing lows on the chart using customizable pivot-based logic. It creates a ZigZag-style structure that helps traders visually analyze price action, market structure, and trend direction.

🧠 Key Features:
Detects pivot highs and lows using left/right bar logic.

Plots a ZigZag line connecting swings for easy visual tracking.

Labels each swing as "Swing High" or "Swing Low".

Fully customizable settings: pivot sensitivity, label color/size, and line color.

📈 How to Use:
Use it to spot higher highs/lows or lower highs/lows in trending markets.

Identify structure shifts that may signal trend reversals.

Combine with support/resistance, Fibonacci, or other structure-based tools for confirmation.

Suitable for discretionary or rule-based strategies.

⚠️ Disclaimer:
This script is a visual analysis tool. It does not generate buy/sell signals and does not claim profitability. Past structure patterns do not guarantee future results.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.