Swing ID by Mehroz Khan

Identifies trading opportunities within a Dealing Range by detecting Swing Highs and Swing Lows and generating precise buy/sell signals.

Buy Signal: Triggered when a Swing Low forms in the discount zone (lower 50% of the Dealing Range) and the fourth candle closes above the third candle’s high, indicating a potential bullish reversal.

Sell Signal: Triggered when a Swing High forms in the premium zone (upper 50% of the Dealing Range) and the fourth candle closes below the third candle’s low, signaling a potential bearish reversal.

Dealing Range: Defined by the highest high and lowest low over a user-defined lookback period (default: 20 bars), with a midpoint separating discount and premium zones.
Visuals: Plots Swing Highs (red triangles), Swing Lows (green triangles), range boundaries (blue dashed lines), midpoint (gray dashed line), and signals (green/red triangles with “BUY”/“SELL” labels).

Table: Displays range high, low, and midpoint in a top-right table for quick reference.

Alerts: Supports alerts for buy/sell signals, ideal for real-time trading.

Usage: Best on 1H, 4H, or daily charts. Combine with ICT concepts like Order Blocks or kill zones (e.g., London open) for high-probability setups.

Adjust lookback periods for sensitivity and use stop-losses below Swing Lows (buys) or above Swing Highs (sells)