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Failure Swing

"Failure Swing" is a state that confirms that the trend will change direction.
If the current trend does not continue and broken, it is called "Failure Swing". The goal of investors who want to use this technical analysis algorithm is to try to make a profit by taking advantage of the price fluctuations and oscillations of a market. In a downtrend, each bottom is lower than the previous low. If there is a trough higher than the last trough formed by such oscillations in a falling trend and the subsequent trend is in the upward direction, this is explained as a "Failure Swing" in a falling trend.
In an uptrend, each peak is higher than the previous one. If there is a lower peak than the last peak formed by such oscillations in an ascending trend and the subsequent trend is in the downward direction, this is explained as a "Failure Swing" in an ascending trend.
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In a downtrend ;
If the price breakout the last lower high (LH) the formation can be considered a buy signal.
In an uptrend ;
If the price breakdown the last swing low (SH) the formation can be considered a sell signal.
​In order to easily obtain Failure Swing detections, you can create Alerts or Custom Signals through the Coinlegs system, and start autotrading bots on LegsBot by using the alerts you create.