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I wrote one some time ago based on fixed min price spread ( in ticks ).
It works based on highest / lowest in price and last in time approach.
I believe Jan Arps has one based on %R, what you need I believe.
Val.
Patrick wrote:
> 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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