Swing Index

swing_index

Function Name: swing_index

Tags: None

Category: Momentum

The Swing Index uses the Open, High, Low and Close prices of a market in an attempt to identify market direction, and in turn, identify realistic market swings. It returns a numerical value for each trading day. An up day will return a value between 0 and +100, and a down day a value between 0 and -100.

 

 

Link: http://www.onlinetradingconcepts.com/TechnicalAnalysis/SwingIndex.html

 

Parameters

limitMove

 

Default Value: 3  |  Minimum: 0  |  Maximum: 20000

 

Type: Numeric