Deprecated: Creation of dynamic property Trustpilot\Review\Plugin::$plugin_version is deprecated in /var/www/easybot/data/www/forexroboteasy.com/wp-content/plugins/trustpilot-reviews/review/Plugin.php on line 38

Deprecated: Creation of dynamic property Trustpilot\Review\Admin::$plugin_slug is deprecated in /var/www/easybot/data/www/forexroboteasy.com/wp-content/plugins/trustpilot-reviews/review/Admin.php on line 46

Deprecated: Creation of dynamic property Trustpilot\Review\Admin::$version is deprecated in /var/www/easybot/data/www/forexroboteasy.com/wp-content/plugins/trustpilot-reviews/review/Admin.php on line 47

Deprecated: Creation of dynamic property Trustpilot\Review\TrustBox::$plugin_version is deprecated in /var/www/easybot/data/www/forexroboteasy.com/wp-content/plugins/trustpilot-reviews/review/TrustBox.php on line 36
Swing3 Indicator

At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Swing3 Indicator

What is Swing Trading?

  • Swing Trading is a style of trading that aims to capture gains in a security within one day to a week, although some trades can last longer.
  • Traders use technical analysis to buy weakness and sell strength, patiently waiting for these opportunities to arise.
  • It makes more sense to buy a security after a wave of selling has occurred rather than getting caught in a sell-off.

The Opportunity Baseline

  • Markets suitable for swing trading tend to trade above and below a baseline price band, portrayed on the chart by a colored band calculated using the Average True Range.
  • The baseline strategy involves buying normalcy and selling mania or shorting normalcy and covering depression.
  • In the absence of exhaustion patterns, traders go long at the baseline when the stock is heading up and short at the baseline when the stock is on its way down.
  • Traders wait for the stock to hit its baseline and confirm its direction before making their moves.
  • When a stronger uptrend or downtrend is at play, traders may paradoxically go long when the stock jumps below its baseline or short a stock that has stabbed above the baseline.

Key Features of Swing3 Indicator

  • Displays the trend direction at all times.
  • A colored price band represents the opportunity baseline.
  • Colored dashes represent possible reversal swings.
  • Analyzes its own quality and performance.
  • Implements a multi-timeframe dashboard.
  • Customizable trend and swing periods.
  • Implements email, sound, and push alerts.
  • Non-repainting or backpainting.

Input Parameters

  • Trend period: Controls the sensitivity to trend changes. A big trend period captures longer trends, while a small trend period captures shorter trends but recognizes changes faster.
  • Baseline period: Controls the sensitivity of the baseline. It should always be below the trend period. Increase it for a bigger opportunity band and decrease it for a smaller one.
  • Display swing signals: Enables arrows when the price retraces to the baseline and breaks out of it.
  • Display corrections: Enables colored dashes when the trend starts to correct.
  • Display the dashboard: Shows the multi-timeframe dashboard on the chart.
  • Display statistics: Shows the stats dashboard on the chart.
  • Drawing Settings: Customize colors and sizes for arrows and reversal dashes.
  • Alerts: Enable display, email, push, and sound alerts for patterns.

Usage Tips

  • Entry should be made when the indicator line is above the 100 level, and the vertical histogram bars are present and of the same color.
  • Early entry: Considered if either the vertical histogram bar is green/red but the indicator line is still yellow, or the histogram bar is purple but the indicator line is above 100.
  • The optional alert is controlled via an on-chart tick box, and the alert will be raised when the market transitions from flat to trending.
  • A bonus spread indicator shows the current spread, which can be configured to change color if the spread has gone too high.

Support and Questions

  • For questions or timely support, use the helpdesk or write an email to: help@pointzero-trading.com

Author

  • Arturo López Pérez, a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions.

Final Thoughts

  • The Swing3 Indicator is a robust tool for traders looking to capitalize on market swings without getting whipsawed. 🎯
  • Its comprehensive features and customizable settings make it a versatile addition to any trader's toolkit. 📈

Ah, the world of Forex trading – where dreams are made and shattered faster than you can say 'pip'. Enter Miracle EA MT5, a trading robot that promises to be your golden ticket to financial freedom. But does it really live up to its name, or is it just another overhyped piece o ...

Release Date: 22/03/2024