Swing Highs and Lows – indicator MetaTrader 5

If a high has two preceding highs (rising) and two succeeding highs (falling), it is considered a swing high

If a low has two preceding lows (falling) and two succeeding lows (rising), it is considered a swing low

The color of buffer can be changed from code : To obtain color of your choice -> Webcolors

#property indicator_colors

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Alternative:   TrendSignal Pro - indicator MetaTrader 5