Confirmed Swing Points for Market Structure Analysis
Summary
This document describes a helper for identifying confirmed swing highs and lows, intended as a starting point for studying price structure in MQL5. Its listed settings include the number of bars considered on each side of a pivot and an optional minimum spacing between pivots of the same type. It can show or hide labels for higher highs, higher lows, lower highs, and lower lows, and allows users to configure the colors, label size, and chart-object naming prefix.
The description frames the tool as a charting and development aid for examining swing logic and comparing internal with external market structure. It explicitly says the helper is not a complete trading system and does not issue buy or sell recommendations. The available text does not explain the pivot confirmation algorithm, how the spacing option is measured, or how the tool performs across instruments and timeframes. It also gives no backtest results, so users cannot infer predictive value or trading profitability from this description alone.
Key ideas
- Pivot depth sets how many bars on either side are considered when identifying a swing point.
- An optional minimum spacing can filter pivots of the same type.
- Labels can classify swing structure as higher highs, higher lows, lower highs, or lower lows.
- The helper is presented for market-structure study and development, not as a trading system.
- The description provides no performance evidence or detailed account of the pivot algorithm.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.