Swing High/Low Detection: The indicator identifies swing highs or lows exclusively on NinzaRenko reversal bars. This detection occurs only if the sequence of bars preceding the reversal bar meets or exceeds a specified count, set by the user in the parameters. Arrow Indication: When the previously identified swing high or low level is breached by the price action, the indicator will display an arrow to visually signal this event. API Signal Publication: Upon the penetration of a swing line, the indicator sends out a signal via an API. This allows the signal to be integrated with external systems, such as trading strategies or signal generators like Bloodhound. This functionality is crucial for automating trading strategies based on the indicator's signals.
