swingtrend 1.0.1

A mechanical approach to determine the trend of a stock along with breakout and reversal levels.

Swing

A mechanical approach to determine the trend of a stock along with breakout and reversal levels.

Python version: >= 3.8

If you ❤️ my work so far, please 🌟 this repo.

👽 Documentation

https://bennythadikaran.github.io/SwingTrend

Installation

pip install swingtrend

To import: from swingtrend import Swing

To initialize with default setting:

swing = Swing(retrace_threshold_pct=5, sideways_threshold=20, debug=False)

See the documentation for more details.

This work was inspired by youtube Channel Matt Donlevey - Photon Trading.

You can watch their video How To Understand Market Structure to understand some of the concepts.

To get the Photon method as explained in the video, instantiate the class as Swing(retrace_threshold_pct=None)

In the Photon method, both minor and major pivots can result in trend continuation or trend reversal. (This includes a single bar pullback).

I prefer avoiding the minor pivots by setting a minimum threshold percent. If the threshold is set to 8%, the pullback must retrace atleast 8% or more to be considered an important level for trend reversal or continuation.