Swing Points / Market Structure

An indicator that identifies Swing Points (highs and lows) and specify them as STL/STH, ITL/ITH and LTL/LTH.

First level swings are termed as short-term highs and short-term lows (STH and STL)

The second level swings are termed as intermediate-term highs and intermediate-term lows (ITH and ITL) and the highest level are termed as long-term highs and long-term lows (LTL/LTH)

Every swing high/low is firstly a STL/STH, as soon as a STL has a higher SLT on both sides, it becomes an ITL and as soon as an ITL has higher ITL on both sides, it becomes an LTL. And vice versa vor STH/ITH/LTH.

Inside bars must be ignored: Inside bars (a bar witch does not overtake the low and high of the previous bar) - if a swing point is formed with an inside bar, this swing point must be ignored.