Swing High is a local high point on the price chart, where the price peaks before declining. It is typically identified when a candle has a higher high than the candles before and after it. As shown, Swing High is marked with a dashed green line. Conversely, Swing Low is marked with a red line.

In price action, when a candle closes above the nearest Swing High, it is commonly referred to as a Breakout, meaning it breaks through the peak area. This breakout indicates that buying pressure has surpassed selling pressure and has prevailed. If accompanied by significant volume, especially a spike in volume, this breakout is even more certain.

Here, I wrote an indicator on TradingView called "Breakout Swing High Low" to gift to those who follow for trading coins or FX. You can find it in the indicator section and add it easily.

Regarding breakout trading methods, there are many, for example, waiting for the price to return to the Swing High that was previously surpassed to place a long order, targeting the nearest resistance area, and setting a stop loss at the base of the breakout candle as shown, with a generally good risk-reward ratio.

The indicator will automatically identify the Swing High and Low peaks and draw the green and red lines accordingly. When it detects a breakout candle, it will draw a small green or red triangle depending on whether the breakout is bullish or bearish.

Invite you all.