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MT5 Swing High Low Indicator

This indicator plots any and every swing high or swing low on your chart.


A swing high or low candle formation comprises of a minimum of 3 candles whereby the middle candles high/low is the highest or lowest point amongst the three candles.

The direction (bullish/bearish) of the middle candle is irrelevant.

Swings are very useful patterns that can be used to determine market structure as well as potential price reversal points on a chart.


This indicator is derived from the Bill Williams Fractal indicator native to the Metatrader platform, but unlike that one, this requires only 3 candles for the formation to appear, whereas the other requires 5 candles.



Enjoy!!!

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