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.
SW Parallel Count · I on its own
In this window SW Parallel Count · I has a 13 on 5 July 2024. Begin with the single study: locate the label, then follow subsequent bars and price behaviour. You do not need to add other indicators to see what this calculation contributed.
When do the early numbers become known?
Checking history from the initial sequence’s first bar begins only after that sequence completes at 9. A second-count number may sit before the 9 on a historical chart, but that does not mean it was already known on that earlier date. Incomplete initial runs of 1–8 bars do not start the second count.
Distinguish the bar date assigned to a number from the time when initial-stage completion made that number confirmable. When reviewing history as it became available, find the confirmed 9 first, then assess the further count known at that point. A label’s historical position alone does not make it an advance signal.
Practice: check your understanding on one chart
Disable SW Phase Count first and keep only SW Parallel Count. Find the initial 9 and subsequent 13 for the selected version. Record mark ownership and dates, then add the other tool only for comparison.
What the completed observation should contain
SW Parallel Count has its own second-stage rules and is not a recoloured SW Phase Count.
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 ↗