Swing High-Low Pattern

Swing High and Low are objective in Renko charts.

  • When there is a brick reversal pattern from a bullish brick to bearish, the high price of the previous bullish brick is a swing high.
  • Correspondingly, when there is a flip over from a bearish brick to a bullish one, the low price of the most recent bearish brick is the swing low.

This basically implies that the swing high or low are marked based on the brick reversal pattern. Making it objective helps deciding on the trade strategies and design more objective price patterns.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

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