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Swing Structure Scanner

By LuxAlgoDec 26, 2024

Swing Structure Scanner is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Static chart image

The Swing Structure Scanner condenses swing structure into a dashboard of live graphs, retrieving swing points from up to six tickers and timeframes simultaneously. Each graph positions the latest swings relative to previous ones from a high/low-only perspective, so structural shifts anywhere on the panel stand out (a market quietly printing higher lows, a timeframe rolling over into lower highs) while you stay on a single chart.

How to Trade the Swing Structure Scanner?

  • Higher lows forming: on any graph suggest an emerging uptrend or a breakout scenario worth watching.
  • Lower highs forming: the mirror read, with supply leaning on every rally.
  • Cross-ticker confluence: several symbols shifting structure together strengthens the case on each of them.
  • Higher-timeframe stacking: load one symbol across several timeframes to check whether structure agrees from intraday upward.
  • Hover a swing point: for an instant readout of its exact price level.

The scanner is a monitoring layer rather than an on-price overlay: it tells you which chart deserves attention next, and the swing points it plots update live as each feed evolves.

Swing Structure Scanner Settings

  • Swing Length: the length used to calculate each swing structure.
  • Swing Display Lookback: how many swing point pairs each graph shows.
  • Symbols: the ticker and timeframe assigned to each displayed graph.
  • Vertical Display: stacks graphs vertically (the default); turn it off to lay them out side by side in a row.
  • Scaling Factor: adjusts the overall size of the display.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 strategy alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.