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Dear List,
Has anyone seen an indicator for finding swing highs and lows based on
price instead of time? The standard EasyLanguage way to find a swing
pivot is to wait until a specified number of bars have formed on each
side of the pivot. This simply is not effective when the market makes a
quick spike top or bottom. I believe a better answer is a pivot
indicator based on percent retracement. Has anyone else worked on this
idea?
Regards
Patrick.
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