Price Action Swing Pro

December 1st, 2023, 08:36 PM

Hello everyone. This is a snippet from the PriceActionSwingpro indicator. I'm seeking assistance in comprehending the significance behind the numerical values it produces and, crucially, how to skillfully interpret them for effective trading strategies. Any guidance on understanding and utilizing these numbers in the context of trading would be highly appreciated.

December 9th, 2023, 09:32 AM

Same concern here. Can someone explain? Even briefly

December 9th, 2023, 10:25 AM

The more I look at it, the more I understand. There are two numbers. Lower numbers are the number of closed bars in the current swing. The high numbers are the key Fibonacci retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Traders and use these levels to identify potential support and resistance areas.

Price Action Swing Pro

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Price Action Swing Pro