SwingTrigger: simple trading no question

The SwingTrigger technical indicator is a very simple, straightforward technical indicator that will simplify your trading.

Meet the SwingTrigger technical indicator

Our SwingTrigger indicator is very simple. Traders love it for that. It has to sets of bars:

• colored bars
• black bars.

Colored bars

First, there are bars of equal height and using 4 colors:

• red is for strong decline (bars are below zero)
• yellow is for weak decline (bars are below zero)
• blue is for weak rise (bars are above zero)
• green for strong rise (bars are above zero)

Any transition from weak to strong, strong to weak, negative to positive and inversely is a clue to some potential change.

Black bars

Then, you have black bars of unequal height. In fact, these bars show the strength of the movement. Think of a sort of volatility or momentum. They indicate the shorter trend.

Let’s see some a few examples.

Benefits of the SwingTrigger Indicator

Here are keys beneifts:

• Visual
• Simple & easy to use
• Detects change of trend
• Detects early swings (black bars)
• Detects the momentum increase (longer bars)
• Detects the bottoms and their end
• There is no strong swing without black bars!

Now, let’s see how to use it.

Using the SwingTrigger Indicator

So, one of a major advantage of this indicator is to show the trends. You can use it to detect start and end of a crash.

The 2008 crash

Here is an example of the 2008 crash on the Dow Jones Index.

The transition from green/blue to yellow/red bars indicated the beginning of the bear market. Most bear market was in presence of yellow/red bars. But the end of the crash has been indicated by the reverse transition from yellow/red to blue/green.

You can also see that big moves are accompanied by high black bars.

In the 2020 crash

Similarly, in 2020 we got a quick decline with a third of the DJI loss of value. Still, we add the transitions from positive to negative. Then, from negative, to positive.

This indicator works well also in intraday

But do not think that it is its only use. One can also use in intraday. For example, on the german index in 5 minutes timeframe.

Still you get a reversal, a downtrend, then a new starting uptrend.

How do you adopt this indicator?

This indicator is available in a TradingView version and a ProRealTime version in our shop.

Illustrations : canva & Charts: TradingView