PROTECTED SOURCE SCRIPT
Tom Dante's Swing Failure Pattern
Tom Dante's swing failure pattern regarding swings.
Explanation:
Swing high, price goes above swing high but closes below swing high = Bearish swing failure pattern (red)
Swing low, price goes below swing low but closes above swing low = Bullish swing failure pattern (green)
Might be good in combination with other indicators.
Explanation:
Swing high, price goes above swing high but closes below swing high = Bearish swing failure pattern (red)
Swing low, price goes below swing low but closes above swing low = Bullish swing failure pattern (green)
Might be good in combination with other indicators.
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