Buy Sell Signal — Coin Fix Pro V2.3

This indicator is designed to detect trend reversals, momentum shifts, and volatility breakouts to generate precise buy and sell signals.
The core structure is based on a classic ZigZag signal engine, enhanced with modern alert logic to minimize false signals, especially at local tops and bottoms.

How It Works

It uses a combination of Depth, Deviation, and Backstep parameters:

Depth: Defines the minimum swing length required to identify a valid pivot.

Deviation: Sets the minimum price change needed to confirm a reversal.

Backstep: Prevents signal clutter and repaints by controlling bar lookback.

This tri-parameter logic helps eliminate most noise and gives more reliable reversal points.

Positive direction = SELL signal, Negative direction = BUY signal.

Signals can be confirmed at bar close, reducing repaint risk.

Technical Features

BUY/SELL signals generated on bar close

TradingView alertcondition() supported

Automatic trend reversal detection

Fully customizable label colors and sizes

Compatible with both manual and automated strategies

Disclaimer

This indicator is not financial advice. Trading in leveraged markets involves high risk.
All actions and results are the responsibility of the user.

License: CC BY-NC-SA 4.0
Original Algorithm: Yash N. Gode
Modified by: CoinFix (© 2025)



Overview

This indicator listens to direction changes provided by yashgode9/signalLib to display Buy/Sell labels on trend reversals. Visual labels are user-configurable, and alert conditions are tied to bar close by default to mitigate repaint effects from intrabar updates.

How It Works

signalLib.signalLib(low, high, DEPTH, DEVIATION, BACKSTEP) extracts swing-based direction.

On direction change:

direction < 0 ⇒ Buy label

direction > 0 ⇒ Sell label

Repaint: With repaint=true, labels may move before the bar closes. Alerts use barstate.isconfirmed (when enabled) to trigger only on bar close.

Inputs

signalLib Config

DEPTH_ENGINE (default 30): Swing depth; higher ⇒ fewer but stronger pivots.

DEVIATION_ENGINE (default 5): Minimum deviation; reduces noise.

BACKSTEP_ENGINE (default 5): Lookback bars to avoid duplicate swings.

Visibility & Styling

Toggle Buy/Sell labels independently.

Label size, transparency, and colors are customizable.

Alerts

Conditions:

BUY_SIGNAL → “BUY signal (CoinFix Pro Signal)”

SELL_SIGNAL → “SELL signal (CoinFix Pro Signal)”

Confirmation: When “alerts on bar close” is enabled, alerts fire only after bar close.

How to Use: Create an alert → Condition: This indicator → select the desired condition.

Tips

Higher timeframes yield fewer but cleaner signals.

Increasing DEPTH/DEVIATION/BACKSTEP reduces false triggers but increases lag.

You can hide labels and rely solely on alerts if preferred.

Limitations

Swing-based detection can still produce clustered signals in choppy ranges.

Visual repaint can occur intrabar; alert firing is protected by bar-close confirmation.

Credits / License / Disclaimer

Original concept & library: Yash Nandkumar Gode
Modified by: CoinFix (© 2025).

License: CC BY-NC-SA 4.0 — Non-commercial use, attribution required, share-alike.

Disclaimer: For educational/analytical purposes only; not financial advice. Trading involves risk; users are responsible for their decisions.