DYO: B-Swing Template

The B-Swing uses two Keltner channels to create the visual of the gray bands.   The Auto Trends study places Blue balls on its swing highs and swing lows.   The Pesavento Patterns study places Red balls on its swing highs and swing lows.  The chart uses regular candlesticks drawn in Red and Green and Heikin-Ashi candlesticks drawn in Yellow and Cyan.

The swings to watch are marked with fat Red arrows.   These arrows show when 5 study conditions are present, as discussed below.

The Design Your Own (DYO) study form tests for the 5 study conditions and draws the fat Red arrows.  This DYO places the down arrow above the swing highs.

Line A tests for the Heikin-Ashi candle being an Up Candle, and stores its Boolean result in Global Variable [10].

Line B tests for the regular candle being a Down Candle, and store its Boolean result in GV [11].

Line C tests for a swing high bar as determined by the Auto Trends study.  The test result is stored in GV [12].

Line D tests for a swing high bar as determined by the Pesavento Patterns study, and stores its result in GV [13].

Line E is the 5th test that the bar's high must be above the inner Keltner's upper band.   The result is stored in [14].

Line F plots the fat Down arrow when the 5 Boolean results in GV [10]..[14] are simultaneously True.

This DYO is a mirror image of the logic of the DYO explained above.   It looks for similar study conditions at the swing lows, and when the 5 conditions exist simultaneously, the fat Up arrow is plotted below the swing low.

This example is available as the B-Swing template which can be downloaded from the Ensign web site using the Internet Services form.