Example O1: Extended swing analysis
This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.
Description
This example demonstrates extended swing analysis for pattern detection using the chart analyzer. By examining the previous swing with specific height and width parameters, the system identifies complex formations invisible to simple indicators. The 160-180 height range targets swings of specific proportions.
Extended swing analysis mimics human chart reading by recognizing visual patterns. Each swing's characteristics are evaluated against defined criteria, enabling detection of double tops, triangles, and other formations. The visual display shows detected swings and patterns clearly.
This sophisticated approach bridges manual and automated analysis. The system identifies patterns consistently while maintaining the nuanced recognition that makes human analysis valuable.
Recreate the Example
You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:
Trade Basics
- Operation type = Long signals only drawn
- General signal visualization = On
Signal Generation - Chart Analyzer
- Signal in use = On
- Signal used for = Entry
- Signal visualization = Off
- Analyzed width = 50
- Draw boundaries = On
- Draw extrema = On
- Draw supports and resistances = On
- Draw swing phase = On
Signal Generation - Chart Analyzer - Swing configuration 1
- Swing number = 1
- Height minimum = 160
- Height maximum = 180
- Width minimum = 0
- Width maximum = 10000
Screenshots
