Single Swing Low

🎯 Summary of Indicator: Single Swing Low
📌 Purpose of Indicator
✅ Find the Swing Low point that is the lowest point of the price
✅ Used to analyze the support level to see the market's turning point
✅ Suitable for traders who use Price Action and trend analysis
⚙ How does the Indicator work
🔹 What is Swing Low?
👉 The lowest point that occurs when the price goes down and recovers
👉 Calculated from 5 candlesticks, left (leftBars) and right (rightBars)
🔹 Swing Low calculation
📌 The indicator uses the function ta.pivotlow(low, leftBars, rightBars)
📌 When the lowest point of the candlestick (5 left bars & 5 right bars) is found → It is displayed as a yellow line
🔹 Usage
✔️ When you see the Swing Low point → It may be a buying opportunity
✔️ If the price goes back to test the Swing Low and does not break → It may be a strong support level
🚀 This indicator helps traders see the lowest point of the trend and analyze the support level more easily! 🎯📊

This indicator works on
#crypto #forex #gold and all assets.