Swing Index
The Swing Index is a technical analysis indicator developed by Welles Wilder that aims to give a short-term indication by isolating the “real” price of a financial instrument by comparing the relationships between current prices (OPEN, HIGH, LOW, CLOSE ) and the prices of the previous period. The interpretation is very simple: the forecast is bullish if the Swing Index is above 0, on the contrary it is bearish if it is below 0.