Edo Swing Levels

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The last swing high and low always in view, with the Strong level that defends the trend set apart from the Weak one

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Access: Free & open source
Manual: PDF · 14 languages
Tutorial: Video · English
Published: Sep 2026

Edo Swing Levels on a weekly AAPL chart — the solid teal Strong Low that defends the uptrend, the dashed red Weak High and the bias panel

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Edo Swing Levels keeps the two prices that define immediate market structure always in view: the last confirmed swing high and the last confirmed swing low. It does not treat them equally. The level that defends the current trend is marked as Strong — a solid, thicker line at full opacity — and the other as Weak — dashed, thinner and faded. In an uptrend the swing low is Strong and the high is Weak; in a downtrend the swing high is Strong and the low is Weak. When price closes through the Strong level a change of character (CHoCH) occurs: the structure that held the trend breaks, the bias flips and the roles swap. Taking out the Weak level is a simple continuation. Both lines are projected to the right as live references, and a compact panel shows the bias plus the price and role of each level. Everything is validated on closed bars, so a level never appears or disappears intrabar.

Features

Last confirmed swing high and swing low always on the chart, each projected to the right by a configurable number of bars as a live reference
Strong / Weak classification driven by the bias: the level that defends the trend is Strong, the one destined to be taken is Weak
Roles encoded in the line itself — Strong drawn solid, thicker and at full opacity; Weak dashed, thinner and faded — each with its label: Strong High, Weak High, Strong Low or Weak Low
Change of character (CHoCH) flagged when price closes through the Strong level: the bias flips and the strong level becomes weak
Three swing profiles set by a single input: Scalper (5 bars each side), Swing (10, the default) and Long Term (21)
Compact panel with the market bias (Bullish / Bearish / Neutral) and, for the high and the low, the exact price and whether it is the Strong or Weak level
High-level and low-level colours (red and teal by default), a neutral colour until a trend is defined, label size and a Dark or Light theme
No higher-timeframe functions and no repainting: levels are built on confirmed pivots and breaks are validated on closed bars, so a wick through a level does not count

Use Cases

Taking the Strong level as the invalidation line: while price respects it, trading with the bias has the wind at its back
Taking the Weak level as the target, with the distance between the two levels as the room available inside the current structure
Treating the close through the Strong level — the CHoCH — as the cleanest turn warning, often the start of a new leg in the opposite direction
Reading the taking of the Weak level as continuation: the trend confirms itself and a new level is fixed without changing the bias
Matching the swing profile to the trading horizon, from fast intraday levels to the major levels on weekly and higher charts

Configuration

Edo Swing Levels groups its inputs by block. Structure sets the Swing Profile (Scalper, 5 bars each side, for fast intraday levels; Swing, 10, the default, for the balanced 4H and daily read; or Long Term, 21, for the major levels on weekly and higher horizons) and how many bars the active levels are projected to the right (12, range 0-100). Style exposes the high-level colour (red) and the low-level colour (teal), the neutral colour (grey, used until a trend is defined), the label size (Small, from Tiny / Small / Normal) and the theme (Dark or Light). Panel controls panel visibility (on), position (Top Right, from the four chart corners) and size (Small). Four alerts are available: Strong High taken and Strong Low taken, which fire on the change of character, and New swing high and New swing low, which fire when a new level is fixed, all validated on bar close.

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Risk Warning

Trading involves risk. This indicator is an analysis tool and does not constitute financial advice, investment recommendations, or trading signals. The user is solely responsible for their trading decisions.