Swing Index Indicator
The Swing Index is a mathematical tool used to assess market volatility by analyzing the price activity of the last two bars in a trading chart. The MT5 indicator synthesizes current and prior price data (Open, High, Low, Close), allowing for a clearer interpretation of price movements without the confusion of multiple price types, ultimately helping traders identify the strength and direction of market trends. This focus on short-term price ranges enhances decision-making in trading strategies.