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Percent swings


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Hi

I am after an indicator that will draw, like the zigzag, percentage swings, either from close to close or high to low, but preferably that I have the choice.

So if I specify a 1.5% swing, every time the market moves by 1.5% I get a new swing line on the chart. It will have to repaint of course, until a new swing of, in this case 1.5%, the other way is established.

 

I cannot seem to find, what seems a simple indicator anywhere.

 

Thanks

 

Dave

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