For 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.
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