Swing Line Indicator
Swing breakout patterns are extremely useful for traders using the Renko charts. I have explained them in detail in my book “Profitable Trading with Renko charts”.
When price exceeds immediate previous swing high, it is called as a bullish swing breakout. When price falls below immediate previous swing low, it is called as a bearish swing breakout.
The image displayed below captures the bullish and bearish swing breakouts.