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]

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]

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]

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.

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

You might be able to go here and find it:

Web Archive of The Swing Machine. com

-fs

Thanks forsearch and BlowFish

Mr Clyde Lee already offered me one of his freebies.

Reards

[BlowFish]

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