The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
A red candle is one that closes with a close price that is lower than the price it opened.A green candle is one that closes with a close price equal to or above the price it opened.This indicator automatically draws ascending wedge patterns and price projections derived from the ranges that constitute the patterns.
