Swing Structure
Smart Money Concepts Swing Structure by Sonarlab
Overview
You will learn What is Swing Structure and How to use the Swing Structure Settings in the Sonarlab Indicator
What is Swing Structure?
As a trader you always need to look which highs or lows are going to be liquidated next. The swing structure will give you a range to work with, where you can look which high or low are going to be liquidated next.
Swing Low (SL)
A swing low will be the low of the range you will be trading in
Swing High (SH)
A swing high will be the high of a range you will be trading in
Strong SL or SH
This high or low we expect to hold.
Swing Structure Settings
Show Swing Structure: Option to show/hide the swing structure
Show Current High/Low: Turning this on will only show the most recent Swing High and Swing Low
Show All Highs/Lows: Turing this on will show all the Swing High/Lows throughout the most recent price action
Strong Close: Candles will need to close more than 50% over the high/low to qualify as a successful BOS Using this feature prevents false breakouts as the BOS Candle needs to have a strong close
Strong Candle: The candle body that creates the BOS must be % bigger than the rest of the candle Using this feature prevents false breakouts, as the BOS candle must have a large body
Show Equal Highs/Lows: Turning this on will mark Equal Highs and Lows on the chart. Change the threshold on what determines a Equal high/low
Swing Retracement: Understanding Swing Retracement Settings
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