PZSwing Trading indicator

A brief introduction
Swing Trading is a style of trading that attempts to capture gains in a security within one day to a week, although some trades can eventually be kept alive for longer. Swing traders use technical analysis to buy weakness and sell strength, and have the patience to wait for these opportunities to happen, because it makes more sense to buy a security after a wave of selling has occurred rather than getting caught in a sell-off.
Reversals
Sophisticated traders also profit from reversal swings against the prevailing trend, by looking for exhaustion patterns on the chart (double top, double bottom, head and shoulders, etc), Harmonic Patterns, Wolfe Waves and/or Oscillator Divergences.
Swing trading is actually one of the best trading styles for the beginning trader to get his or her feet wet, but it still offers significant profit potential for intermediate and advanced traders. Swing traders receive sufficient feedback on their trades after a couple of days to keep them motivated, but their long and short positions of several days are of the duration that does not lead to distraction.
Swing Trading has several advantages over other trading styles. Most top swing traders spend 20 or 30 minutes at day in front of the computer and nothing else, which is enough to update their positions and find new ones. It is perfect for people holding a day time job, because it offers the greatest amount of return for the least amount of work.
If you are a novice trader, forget about the nonsense of trading M5 charts and adopt a trend trading or a swing trading approach.

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