Automatic Swing Identifier for Blocks 3.0
2 05 2008For inspiration I sometimes head over to the Jan Arps webpage and look what he has to offer. One of his tools really caught my eye becaused it seemed to be so obvious. I show what I came up with in the chart below. What makes this worth something is that the swing levels do not have to be adjusted for each equity, it is calculated automatically based upon its volatility. Just for fun I added automatic Fibonacci retracement and expansion line using the last swing high and swing low.
For those of you who would like this kind of indicator, I’ll be showing you how when my website opens for business. Jan Arps charges $50. I won’t.
Looks interesting.
Have you used it for your short term trading?
As soon as Blocks comes out with reliable condition scans and one’s that can be easly stored and reused - I’m going to set up my trading “package” of indicators for the up-to two/three week-type of trades. This could be one of the tools in that package.
So, I’m looking forward to see how this turns out and how you use it
Regards
Bob Mc
I don’t do much trading below the 2-3 day time frame.
Blocks has changed the way that they store info. It now saves everything in the layout, so you should be able to setup your scans now.
Cheers,
Paul