Swing Flow Indicator [ChartPrime]

The Swing Flow Indicator [ChartPrime] is a trend-following indicator that uses pivot points to determine price direction and momentum. It calculates a midline from pivot highs and lows, and generates upper and lower bands to help visualize trend strength. The indicator adapts to changing market conditions, making it ideal for identifying trend strength, potential reversals, and periods of low momentum or sideways movement.


⯁ KEY FEATURES AND HOW TO USE

• ⯌ Midline with Dynamic Upper and Lower Bands:
  The indicator plots a midline, calculated from pivot points, with upper and lower bands. During an uptrend, the lower band is displayed, while the upper band appears in a downtrend. This configuration helps traders visualize current trend direction and strength, making it easier to follow price flow.
  Example of bands and trends visualization:
• ⯌ Trend Strength and Sideways Market Detection:
  The indicator shows a label with an arrow and the percentage distance between the current price and the midline.
  
  
  During an uptrend, if the price enters between the midline and the lower band, the arrow points to the right, signaling low momentum or a potential sideways market. Similarly, in a downtrend, if the price moves above the midline but below the upper band, the arrow points to the right. This feature helps traders detect low momentum periods and potential shifts in the market.
  Low-momentum sideways market indicator on the chart:
• ⯌ Pivot Point Markers:
  Traders can toggle pivot point markers on the chart to see significant high and low levels used to calculate the midline. These points can provide additional insight into market structure and potential areas of support and resistance.
  Pivot points displayed on the chart as markers:
• ⯌ Trend Change Signals:
  When the market trend changes, the indicator marks the chart with diamond icons and price labels at the level where the trend shifted. These markers help traders identify precise points of trend reversals, providing potential entry or exit signals in their strategy.
  Example of trend change markers on the chart:

⯁ USER INPUTS

• Length: Controls the number of bars used in the calculation of pivot points.
  
• Bands Multiplier: Sets the multiplier for the distance between the midline and upper/lower bands.
  
• Show High & Low Pivot Points: Toggle to display pivot points on the chart for a clearer view of market structure.
  
• Color Customization: Allows users to customize colors for uptrend and downtrend bands.
  

⯁ CONCLUSION
The Swing Flow Indicator [ChartPrime] is a versatile tool for trend-following and market analysis, offering clear visual cues for trend direction, strength, and potential reversals. With features like dynamic trend bands, momentum labels, pivot point markers, and trend change signals, it equips traders to make informed decisions in dynamic market conditions.