What SW Phase Count shows
SW Phase Count checks completed bars in sequence and marks completed stages of a move. An observation such as “price has been rising for a while” gains a specific reference: which comparisons have qualified and which are still developing. It helps identify a part of the chart that deserves closer attention.
Labels for an upward sequence appear above price; those for a downward sequence appear below it. Their position identifies the sequence being studied. It does not, on its own, tell you to open an immediate trade in the opposite direction.
What SW Parallel Count shows
SW Parallel Count marks completed sequences to help you study the maturity of a move. Its first stage is associated with 9 and its second completes at 13. The second count uses a combination of price checks, so it is not a copy of SW Phase Count in another colour.
Once the initial sequence completes, SW Parallel Count checks qualifying bars starting at that sequence’s first bar. Part of its second count may therefore have accumulated already. It then adds bars that pass the selected version’s checks. Gaps between numbers are normal.
What the SW Extreme Balance indicator shows
An oscillator is an indicator whose readings move within a defined scale. Both SW Extreme Balance versions in our platform use a 0–100 scale. Each value reflects the balance of two price components accumulated over a selected number of bars. It is not a percentage probability of a rise or decline.
The area above the upper band is conventionally called overbought; the area below the lower band is called oversold. These names describe the line’s state. Price can keep rising with a high reading or falling with a low one. Examine the price chart, the sequence of bars and the time spent outside the band.
What SW Wave Structure shows
SW Wave Structure divides price movement into successive rises and falls under predefined rules. It reveals the structure of a section: where it began, how it developed and where opposing moves appeared. It is not unrestricted manual wave labelling or a promise that every chart must end the same way.
SW Phase Count, SW Parallel Count and SW Extreme Balance: what to compare
SW Parallel Count also uses an initial sequence and a further count to 13, but qualifies its bars differently. Completion dates can therefore differ on the same chart. SW Extreme Balance I and II answer a different question through a separate price-pressure line on a 0–100 scale.
Start with one study and one calculation preset. Then compare the same historical window with SW Parallel Count or add SW Extreme Balance below price. Agreement between several readings does not automatically turn them into an entry rule.
Practice: check your understanding on one chart
- Choose one symbol and one timeframe. Enable only SW Phase Count first and record the stage completed by the latest visible mark.
- Then open SW Extreme Balance separately. Record a different fact: where its line sits relative to the boundaries. Do not treat a count number as an oscillator value.
- Open SW Wave Structure to inspect structure and distinguish a confirmed point from its confirmation date. Write three observations, one for each question.
What the completed observation should contain
Your notes distinguish count completion, line position and structural confirmation. If all three reduce to a buy or sell instruction, return to the displayed facts: the tools alone do not provide that instruction.
Primary sources
Sources explain the mechanics and limitations; the editorial examples use invented numbers rather than market quotations.
Your next practical step
Open the linked help page, repeat the steps on one instrument, and record the symbol, timeframe, profile and observation date so that the result can be checked again.
Open the first-chart instructions ↗