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                                                   Question on Swing Point function sp()


Obuli Govindaraju
2012-07-29 15:08:37

I have a question on the swing point function sp() at this link

As per the description the second parameter can be negative. If it is negative then the value returned by the function is positive if that particular sequence swing is swing high and negative otherwise.

so I tried the following code below on a security.

outputlist(sp(3,1)." , ".sp(3,-1));

sp(3,1) correctly returns the value which is a swing low (and returns as positive number). However I was expecting to see negative value returned for sp(3,-1) instead it returns the value of sp(3,0).

Am I missing something?

2012-07-29 18:33:42


Best Answer
Hi Obuli,

sp(3, 0) returns the price level of last swing point, but from that information alone you do not see whether it is a swing high or low.
sp(3, 1) returns the price level of the swing point before, and you will know that this is a swing high if sp(3, 0) was a swing low and vice versa.
sp(3, -1) returns the price level of the LAST swing point with a positive sign if this is a swing high and negative in case of a swing low. It only works for the LAST swing point, because if you know whether the last one is high or low, you automatically know the sign of the swing point before.
If you want to see the sign on every swing point, just modify the last line of the code from "return(TA.Iff(point < 0, sti, TA.Absolute(sti)));" to "return(sti);"

Hope this helps.

Obuli Govindaraju
2012-07-29 20:13:35


Thanks for the quick reply.

I think I get it now. The problem is that how you define term "Last Swing point". You are defining the last swing point as the one currently developing where as I define it as the one that is developed.

Strictly speaking you dont even need this negative value parameter as if I simply compare sp(3,0) with sp(3,1) I can easily determine which one is swing low/high.

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