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https://www.tradingview.com/script/zdvgCS1f-Major-Swings/
Let me know if its useful, if there are any suggestions and questions!
Could you please I am not following the description?
This is an indicator that shows minor and major swing highs and lows.
With the help of Average True Range it is calculating if stop order bulls are able to make money buying above swing highs and if bears are able to make money selling below swing lows.
Assumption is that if they are able to make money ( at least a scalp that is a size of an average bar based on atr ) the trend is strong and the opposite swing point is therefore major.
are you trying to figure out if stop order bulls or bears can able to scalp?
