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Locating Higher Low Swing Trading.

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  • Locating Higher Low Swing Trading.

    Can anyone help with this request?
    I would like the capability to locate HL. This only applies to the CURRENT bar.
    I identify these HLs manually but need the EFS capability to make searching my 'basket' easier.

    for an example of the HL please look at CBS Daily Chart 06/24/13. NOTE: the PRIOR LL is located at 06/12/13.

    When manually looking for these LLs and HLs I find it easier using the "Line Chart" option.
    NOTE: there are many HLs in the trend. The ONLY useful HL is the one that occurs at the END of the Down Swing.
    (Beginning of Up Swing).

    On strategy: Locates the HL at the end of the down Swing. This IS a legitimate price pattern. with the necessary confirmation eg. Momentum & Divergence this pattern gives a high probability Bullish trade. You are entering WITH the market Additionally the protective STOP is VERY close to the original entry.

    Appreciate any help.

    Thanks,
    Peter.

  • #2
    I located the solution to the my HL Divergence requirenent.
    Divergence1.efs and Divergence2.efs
    Divergence2 lets you select the default prefered Indicator. my choice is Divergence1...EXACTLY what I described.
    good trading,
    peter.

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