Projecting Future Swings from Recent Alternating Pivots

Summary

This article describes a rule-based indicator that estimates a possible next price swing from recent market structure. It identifies candidate swing highs and lows using a configurable lookback and confirmation from the following candle, then searches for six alternating pivots. Those points define five completed legs, whose percentage moves are combined into a representative swing size. The indicator applies that estimate from a recent pivot in the direction implied by the detected bullish or bearish structure.

The proposed display connects historical pivots, draws a forward projection, marks volatility-scaled support and resistance areas using ATR, and labels the estimated price. The article gives implementation rules and chart-object requirements, making the procedure more reproducible than discretionary measurement. However, the projection is a statistical guide rather than a validated forecast: its output depends on pivot settings, the chosen observations, and ATR configuration. The text supplies no performance study establishing predictive accuracy, so traders would need to test it across instruments and timeframes and use independent risk controls.

Key ideas

• The indicator defines pivots by comparing each candle with prior prices and confirming against the next candle.
• Six alternating pivots form five historical legs for estimating a representative swing size.
• Bullish and bearish structures project the estimated movement in opposite directions from a recent pivot.
• ATR-based zones scale chart support and resistance areas to recent volatility.
• The projection is a rule-based analytical estimate, not a guaranteed or empirically validated forecast.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.