Looking for a Concept of How to Detect Swing Highs and Swing Lows

[Guest Tresor]

Hello everyone,

 

For the last few weeks I have been devising a trading system on paper. I made the description of this system and its is being now coded for me by a programmer.

 

One of the system's component is detecting / predicting swing highs and swing lows quickly and hopefully mistakenlessly. SwingHigh and SwingLow functions in EasyLanguage are said to handle this issue not always properly.

 

Could anyone advise me if there are alternative concepts of how to detect swing highs and swing lows? other than SwingHigh / SwingLow function in EasyLanguage?

 

Maybe some of the indicators or trading ideas / concepts posted in this forum could be tried for the purpose of detecting swing highs and swing lows?

 

Regards

[brownsfan019 17]

Here's a post using a mix of Bollinger Bands and Candlestick Analysis to look for possible highs/lows. And by highs/lows, I mean possible reversal points that yield potential profit.

[waveslider 10]

to detect a swing high / low you need to establish how much time/price confirmation you would like.

 

There is a zig zag function you can use for price confirmation.

 

The pivot function is a time confirmation.

 

Easylanguage does what the user requests, these functions are simplifications and examples of precise instructions to define pivots/swings.

[BlowFish 10]

Go to Clyde Lees sight (theswingmachine) and amongst his commercial offerings you should find a freebie tradestation study called swinglee2. The first page is comments covering a multitude of ways of detecting swing highs and lows(all included in the code). He has already considered most if not all the things you need to. You could even use the code as is (if using tradestation) or convert it to your application.

 

Edit: you may have to join his yahoo group to get the study. If you have trouble locating it let me know.

[Guest Tresor]

Thanks BlowFish,

 

I am looking at theswingmachine.com Unfortunately they no longer offer any freebies there. If you by any chance have swinglee2, it would be nice if you could send it to me or post in the forum

 

Regards

[Guest forsearch]

You might be able to go here and find it:

 

Web Archive of The Swing Machine. com

 

-fs

[Guest Tresor]

Thanks forsearch and BlowFish :beer:

 

Mr Clyde Lee already offered me one of his freebies.

 

Reards

[BlowFish 10]

Clyde is one of the good guys imo. What language/package are you working in? Give me a shout if you convert it to Ninjatrader

[Guest Tresor]

Clyde is one of the good guys imo. What language/package are you working in? Give me a shout if you convert it to Ninjatrader

 

Hi, I am using MultiCharts EasyLanguage

[BlowFish 10]

Ahh Ok then you are good to go. I was using MC until recently though I dont fire it up so often, mainly for looking at longer term charts and for my Drummond Geometry charts. I am sing ninja for intraday trading/charting. Ninjas built in swing routine is .....well....not great.

[Guest Tresor]

Ahh Ok then you are good to go. I was using MC until recently though I dont fire it up so often, mainly for looking at longer term charts and for my Drummond Geometry charts. I am sing ninja for intraday trading/charting. Ninjas built in swing routine is .....well....not great.

 

Does Drummond Geometry works for you? I am looking at drummondgeometry.com right now.

[BlowFish 10]

That's a real hard one to answer briefly (i.e. Yes/No). I would veer towards the former if you had to pin me down. I do think Charlie is the real deal and has some remarkable insights to share. I would go as far and say he is a 'great'. His treatment of the interaction of multiple time frames is second to none for example. The whole thing is comprehensive, essentially you are getting access to 20+ years of his work. Lots of tools lots of concepts but all in a unique framework.

 

On the down side there are certainly easier ways to trade. It took me a hell of a lot of study to get to grips with it, every time through the material I discovered something new. I am normally a fast learner but this took me probably thousands of hours. The scope is massive, thats a two edged sword. Mind you there where certain 'aha' moments that really gave a huge insight into certain aspects of market behaviour and mean that I will always look at markets in a particular way. Of course once you get the complexity and nuances the simplicity starts to reveal itself.

 

I'm not sure what to tell you to be honest. If you get to a point where you are considering embarking on that route give me a shout and maybe we can skype or something. It's really to much to discuss in a couple of paragraphs. Oh and call Ted he'll discuss with you and he's a straight up sort of guy. He went a long way to help with my own psych issues.

[Guest Tresor]

Hi BlowFish,

 

Thanks for sharing your thoughts on this trading method. I will dig into it deeper soon.

[mr_cassandra 10]

Theres a lot of ways, everyone probably settles into their own. One could be extremes in 5 day rsi and mfi. Others involved $trin.

 

Watch out with oscillators, they judge everything by the time frame they are based in and if a given stock/index rises longer than the indicator is set for, they begin to 'diverge' yet this may be more of a wrong time frame in the indicator than a problem with the rising stock.

[cjlebaron 10]

We can't find swinglee2 on theswingmachine website. Help?

[BlowFish 10]

Clyde has a Yahoo group called the swing machine. You should be able to find it in the files section there. LOS_2003 should have it in

[Guest Tresor]

Or write an e-mail to Mr Lee and kindly ask him for the Length of Swing indicator. I did it and it worked

[nullpointer 10]

Another great article - thanks

[mg1193 10]

For swing high and low I have been using Fibs .272 and .618. Most of the times (70-80%) it helps with my targets.

[waveslider 10]

Joe Ross defines things nicely. Check out his work

[Minetoo 10]

Does anyone have the code for Mr. Lee's indicators?