Ask HN: Do you have a problem (to solve)? Do you need a better version control system? A way to avoid social media during work? Do you need a shiny lib to do X in Ruby? You name it. Maybe someone already has an app for that or willing to build it. Please set a price tag you would pay, if you are able to. Simple brainstorming rules: there are no stupid questions, open mindness, self control. |
Reason/Benefit: Most trades place their stop behind false Pivot/Swing highs & Lows. Therefore the Whlaes (Big Money) have a easy time to stop out (stop fishing) these stops. I's a fact that if traders could use real highs and lows, their stopout frequence would improve dramatically, and so the success of the trades. I use these every day in my trading, but there is no indicator that makes it easyer for not so professionals to use it in a simple way, like using a indicator.
The following rule applies to ANY time frame, Range, or whatever chart-type:
Find a REAL new High-Swing:
A new high-swing is CONFIRMED when the high of the canlde is below the last (confirmed) Swing LOW. > draw a marker (line) above the new confirmed High price.
Vice versa to find new confirmed Low-Swing
Price tag: none, it should be a opensource indicator in various programming languages like python, pine-script (for TradingView.com), C# (NinjaTrader) etc.
Example Sketch: https://share.sketchpad.app/22/a86-af7e-e8dfb3.png
Happy 2022
