Precision Swing Point Indicator for MT 4 Download - [TradingFinder]

The Precision Swing Point Indicator consists of three symbols (Dow Jones Index, Nasdaq 100 Index, and S&P 500) and three models for identifying classic candlesticks (Doji, 50% body candles, and Shooting Star). This MetaTrader4 Candlestick Indicatorcan locate trend continuation or trend reversal.

Precision Swing Point Indicator Specifications Table

The general specifications of the Precision Swing Point Indicator for the MetaTrader 4 platform are presented in the table below:

Uptrend Conditions

The price chart below shows the Dow Jones Index (DJI) in a 1-minute timeframe. In the Swing Trend Indicator, the probability of a bullish trend continuation increases when the price reverses upward after reaching a Swing Low, and a bullish Doji candlestick forms near this level.

The formation of a Doji candle in this position indicates reduced selling pressure and increased buyer strength in the market.

Downtrend Conditions

The price chart below shows the Nasdaq 100 Index (NASDAQ100) in a 1-minute timeframe. When the price reaches a Swing High, the likelihood of a price reaction in this area increases.

If a Shooting Star reversal candlestick with a large body and a long upper shadow forms at the highest pivot point (red arrow), this pattern indicates intense selling pressure at this level.

The formation of this pattern signals the end of a corrective phase and the beginning of a decisive bearish move in MetaTrader4 indicator.

Indicator Settings

Image below shows the Precision Swing Point Indicator settings for MetaTrader 4:

• Color Theme of Chart and Object: Visual style of chart and objects
• Swing number: Specific swing count for analysis
• First symbol: Main trading symbol
• Second symbol: Supporting symbol for comparison
• Third symbol: Additional symbol for context
• Hammer: Hammer candlestick
• Shooting Star: Shooting Star candlestick
• Doji: Doji candlestick
• 50 Body of Candle: 50% of the candlestick body

Conclusion

The Precision Swing Point Indicator is a practical tool for analyzing bullish and bearish trends.

It accurately identifies Swing High and Swing Low points and utilizes classic candlestick models for signal confirmation.

Traders can use these signals to determine optimal trade entry and exit points.