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=== Definition===
A swing means a situation in which the price of an asset experiences a significant change over a short period. Swing may also be used to reference swing trading, which is a trading strategy where a trader attempts to capture gains by holding a security for a short period, while waiting to see if a trend develops. Swing trading is often used by individual investors to capture profits from the day-to-day fluctuations in a security’s price movement. Traders who use this strategy often use swing highs and swing lows to time their entry and exits points.<br>
The Swing Index study assigns a Swing Index value 0-100 for an up bar and 0-(-100) for a down bar. The current bar's Open, High, Low, and Close values as well as the previous bar's Open and Close are used for calculation. If the Swing Index crosses over 0, a short-term price increase is likely. Contrarily, a cross below 0 suggests a decline in market price. A larger or smaller swing index value indicates the severity of the market's increase or decline in price.