SwingAlerts guide
The six indicators SwingAlerts can watch
Six, each with its own settings and its own warm-up.
Exponential Moving Average
EMAAn average of recent closes that leans on the most recent ones.
Reacts to a turn faster than a simple average does, which is why most people reach for it when they want a trend line price can cross in a hurry.
“Is the trend still intact?”
Good to know
Simple Moving Average
SMAA plain average of the last N closes. Every candle counts the same.
Slower to turn than the exponential one, which is the point: the 200 is watched by enough people that it behaves like a level in its own right.
“Where is the long-term line?”
Good to know
Relative Strength Index
RSIA 0-to-100 reading of how one-sided recent moves have been.
Above 70 is usually read as stretched, below 30 as beaten down — but the reading that matters is whichever one your own setup uses, so you type the level yourself.
“Has this run too far?”
Good to know
Volume-Weighted Average Price
VWAPThe session’s average price, weighted by how much traded at each level.
Often treated as the day’s fair value: above it the buyers are in front, below it the sellers are. It resets with each session.
“Am I paying above or below today’s fair value?”
Good to know
Average True Range
ATRHow far this pair typically travels in one candle, in price.
Not a direction — a size. Useful for saying "only tell me if the move is big by this pair’s own standards", which travels between pairs in a way a fixed pip figure does not.
“Is this move actually big for this pair?”
Good to know
Bollinger Bands
BBANDSA band drawn above and below a moving average, widening as things get wilder.
Price closing outside a band is the classic "this is unusual" signal. How unusual is up to you: the width setting is how many standard deviations out the band sits, and 2.0 is the conventional answer.
“Is this outside its normal range?”
Good to know