Swing Index - a combined index of price fluctuations
Swing Index indicator - is a fluctuation indicator whose signals were derived from previous highs or lows in price, and seeks to reflect price movements as accurately as possible market currency pair The price of the price chart is not always the same as the sequence of the price chart itself.
However, there are striking differences, which should be strictly observed by traders in order to get the desired profit. For example, if the price chart recorded a strong breakout earlier than the established level, but the indicator does not, then the breakout was false, and the price will return to its previous limits.
Swing Index indicator is presented in two types: short-term and cumulative indices. In addition, there is a possibility of alternative display of the indicator in the form of bars.
How to use the Swing Index indicator in currency trading?
- if the trend is upward, the indicator has a positive value;
- if the trend is downtrending, the Swing Index indicator has a negative value;
- in sideways movement of the market Swing Index indicator fluctuates between + and - values.
How to Use the Swing Index Indicator to Trade Binary Options?
- The signal to buy a CALL option is when the Swing Index indicator breaks the zero line from the bottom up and moves into the positive zone;
- The signal for the purchase of a PUT option is when the Swing Index indicator breaks the zero line from top to bottom and moves into the negative zone.
We believe that Swing Index indicator has a very wide range of applications and can be used quite effectively in various trading strategies and analysis of the situation on the foreign exchange market.
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