RSI with Bollinger Bands and Buy/Sell SignalsPurpose:
This indicator combines the Relative Strength Index (RSI) with Bollinger Bands to identify overbought and oversold conditions in the market. It also generates buy and sell signals based on the interaction between the RSI and the Bollinger Bands. It is particularly useful for traders looking for opportunities in volatile or trending markets.
How It Works:
RSI (Relative Strength Index):
The RSI measures the magnitude of recent price changes to evaluate whether an asset is overbought (values > 70) or oversold (values < 30).
In this indicator, horizontal lines at levels 70 (overbought) and 30 (oversold) are used as reference points.
Bollinger Bands:
Bollinger Bands are calculated around a smoothed moving average of the RSI. The upper band represents dynamic overbought levels, while the lower band indicates dynamic oversold levels.
These bands automatically adjust their width based on the volatility of the RSI, allowing them to adapt to different market conditions.
Buy and Sell Signals:
Buy Signal: A buy signal is generated when the RSI exceeds both the upper Bollinger Band and the overbought level (70). This suggests that the asset is in an extreme bullish phase.
Sell Signal: A sell signal is generated when the RSI falls below both the lower Bollinger Band and the oversold level (30). This suggests that the asset is in an extreme bearish phase.
Alerts:
The indicator includes automatic alerts to notify you when buy or sell signals are generated. This allows traders to act quickly on new opportunities.
Best Practices:
Confirmation in Lower Timeframes:
Although this indicator is powerful, it is recommended to confirm signals in lower timeframes before making trading decisions. For example:
If you receive a buy signal on a 4-hour chart, check if the RSI and Bollinger Bands on lower timeframes (such as 1 hour or 15 minutes) also show bullish signals.
This reduces the risk of false positives and increases the accuracy of your entries.
Use in Trends:
This indicator works best in markets with clear trends. In sideways or low-volatility markets, signals may be less reliable due to the lack of directional momentum.
Risk Management:
Always use stop-loss and take-profit to protect your positions. Buy and sell signals are just one tool for analysis; they do not guarantee results.
Combination with Other Indicators:
To improve accuracy, consider combining this indicator with others, such as MACD, Stochastic Oscillator, or Japanese candlestick patterns. This can provide additional confirmation before opening a position.
Summary:
The RSI + Bollinger Bands with Buy/Sell Signals indicator is an advanced tool designed to identify entry and exit points in the market based on extreme overbought and oversold conditions. However, to maximize its effectiveness, it is crucial to confirm signals in lower timeframes and use it in combination with other technical analysis tools. With proper risk management and careful interpretation of signals, this indicator can be a valuable ally in your trading strategy.
스크립트에서 "Buy sell"에 대해 찾기
Wagmi Lab- Bitcoin H4 Buy Sell Signals This indicator, designed primarily for Bitcoin on the H4 timeframe, is a versatile tool that can also be applied to other assets and timeframes by adjusting its parameters. It combines Exponential Moving Averages (EMAs), MACD (Moving Average Convergence Divergence), and a crossover filtering mechanism to generate reliable buy and sell signals. The indicator is ideal for traders looking to identify trend direction and potential entry/exit points with added precision.
Key Features:
Customizable EMAs and MACD:
Fast EMA (default: 12): Tracks short-term price momentum.
Slow EMA (default: 26): Tracks long-term price momentum.
Signal SMA (default: 9): Smooths the MACD line to generate the signal line.
MACD Crossover Signals:
The indicator calculates the MACD line and signal line to identify potential buy and sell opportunities.
Buy signals are generated when the MACD line crosses above the signal line, indicating bullish momentum.
Sell signals are generated when the MACD line crosses below the signal line, indicating bearish momentum.
Crossover Strength Filter:
A minimum crossover distance percentage (default: 0.1%) ensures that only significant crossovers are considered, reducing false signals.
This filter helps traders avoid weak or insignificant crossovers that may not lead to strong price movements.
Trend Visualization:
The indicator highlights the trend direction by filling the area between the fast and slow EMAs with colors:
Green: Uptrend (MACD > Signal Line).
Red: Downtrend (MACD < Signal Line).
Buy/Sell Signal Markers:
Buy signals are marked with green circles below the price bars.
Sell signals are marked with red circles above the price bars.
These markers provide clear visual cues for potential entry and exit points.
Adaptable to Other Timeframes and Assets:
While optimized for the H4 timeframe, the indicator can be adjusted for other timeframes (e.g., M15, H1, D1) by modifying the EMA and SMA settings.
It can also be applied to other assets, such as stocks, forex, or commodities, by tweaking the parameters to suit the asset's volatility and characteristics.
How to Use:
Identify Trends:
Use the colored areas (green for uptrend, red for downtrend) to determine the overall market direction.
Wait for Confirmation:
Look for buy or sell signals (green or red circles) that align with the trend direction.
Ensure the crossover meets the minimum distance requirement to filter out weak signals.
Enter and Exit Trades:
Enter a long position when a buy signal appears during an uptrend.
Enter a short position or exit a long position when a sell signal appears during a downtrend.
Adjust Settings for Other Timeframes/Assets:
Experiment with the EMA and SMA periods to optimize the indicator for different timeframes or assets.
Why Use This Indicator?
Precision: The crossover strength filter reduces noise and false signals.
Versatility: Works across multiple timeframes and assets with customizable settings.
Visual Clarity: Clear trend visualization and signal markers make it easy to interpret.
This indicator is a powerful tool for traders seeking to capitalize on Bitcoin's volatility or other assets' price movements, providing a structured approach to identifying trends and potential trading opportunities.
VWMA with Buy/Sell Signalshe VWMA (Volume Weighted Moving Average) is a technical indicator that averages prices over a specified period while giving more weight to periods with higher trading volumes. This makes the VWMA more sensitive to price movements during high-volume trading compared to a simple moving average (SMA).
Adding Buy/Sell Signals to a VWMA-based script involves identifying trends or crossover points that indicate potential entry (Buy) or exit (Sell) opportunities.
Core Features of the Script:
VWMA Calculation:
Uses the typical price ((High + Low + Close) / 3) or closing price for computation.
Weighting is based on the volume traded in each period.
Supertrend with Buy/Sell SignalsThis simple Supertrend with Buy/Sell Signals is a trend-following indicator that helps identify market direction and potential entry/exit points. It uses the Average True Range (ATR) to calculate a dynamic support and resistance line:
Buy Signal: A green "BUY" label appears when the price crosses above the Supertrend line, indicating a possible bullish trend.
Sell Signal: A red "SELL" label appears when the price crosses below the Supertrend line, signaling a potential bearish trend.
The indicator also adapts to market volatility and displays the trend line in green for uptrends and red for downtrends. It is best used in trending markets.
BS | Buy&Sell Signals With EMAKey Features:
EMA Intersections: Generates clear buy and sell signals based on predefined EMA crossings.
5 EMA Lines: Visualize market trends with five distinct EMA lines plotted on the chart.
Support and Resistance Levels: Easily identify crucial support and resistance levels with our integrated marker.
Comprehensive Indicator Panel: At the bottom of the chart, track Stochastic, RSI, Supertrend, and SMA across multiple timeframes (1m, 5m, 15m, 1H, 4H, Daily, Weekly).
Fully Customizable: Almost every indicator within the tool is adjustable to suit your preferences and trading style.
Alarm Feature: Set up alarms to stay informed of important market movements.
Unlock the full potential of your trading strategy with BS | Buy&Sell Signals With EMA. Customize, analyze, and trade with confidence.
created by @bahadirsezer
B-Xtrender Simplified-BUY/SELL print Thanks to @puppytherapy for creating the original B-Xtrender indicator, available at this link: B-Xtrender by Puppytherapy.
This is a modified version of the original script, which now includes Buy and Sell arrows directly plotted on the chart for clear entry signals. The core logic of the indicator remains intact, with enhancements for simplicity and usability.
Overview:
The B-Xtrender Simplified indicator is a trend-following tool designed to identify potential buy and sell opportunities based on momentum and trend confluence. It combines short-term and long-term RSI-based oscillators with exponential moving averages to detect trend shifts and provide clear, actionable signals on the chart.
This simplified version focuses on clean visuals and provides buy and sell signals using arrows, ensuring an uncluttered chart. The indicator is suitable for traders who want a straightforward tool to assist with entry signals in trending markets.
Key Components:
Short-Term Oscillator:
Measures short-term momentum using the RSI of the difference between two EMAs (Short - L1 and Short - L2).
Provides early signals for trend reversals and momentum shifts.
Long-Term Oscillator:
Evaluates broader trend strength using the RSI of a single EMA (Long - L1).
Acts as a filter to ensure signals align with the overall market trend.
Smoothed Oscillator (T3):
Applies a smoothing algorithm to the short-term oscillator to reduce noise.
Ensures the signals are more reliable and less prone to false alarms.
How It Works:
Buy Signal (Green Arrow Below Candles):
Triggered when:
The short-term oscillator is above 0 (indicating upward momentum).
The smoothed short-term oscillator (maShortTermXtrender) is rising (momentum confirmation).
The long-term oscillator is above 0 (trend confirmation).
Sell Signal (Red Arrow Above Candles):
Triggered when:
The short-term oscillator is below 0 (indicating downward momentum).
The smoothed short-term oscillator (maShortTermXtrender) is falling (momentum confirmation).
The long-term oscillator is below 0 (trend confirmation).
Alerts:
Buy and sell signals generate alerts for traders to take immediate action when conditions are met.
Customization Options:
Short-Term Parameters:
Short - L1, Short - L2, Short - L3 control the responsiveness of the short-term oscillator.
Long-Term Parameters:
Long - L1, Long - L2 adjust the sensitivity of the long-term trend filter.
Default values ensure the indicator works effectively in most market conditions, but they can be fine-tuned for specific instruments or timeframes.
Strengths:
Clarity: Uses clean buy/sell arrows for visual simplicity.
Confluence-Based: Ensures alignment between short-term momentum and long-term trend before signaling.
Real-Time Alerts: Alerts for both buy and sell signals allow for timely decision-making.
Usage Tips:
Confirm Trend:
Use the indicator on a higher timeframe (e.g., 1-hour or daily) to confirm the overall trend direction.
Combine with Other Tools:
Enhance accuracy by combining the indicator with support/resistance levels, volume analysis, or other technical indicators.
Risk Management:
Always use stop-loss orders to protect against adverse market movements.
Maintain a risk-to-reward ratio of at least 1:2.
Ideal For:
Traders seeking clear and straightforward entry signals.
Trend-following strategies in liquid markets.
Beginners who want an easy-to-interpret tool for identifying momentum-based trades.
This simplified version of the B-Xtrender retains the original power of the indicator while focusing on clean visuals and actionable signals for trend-following traders.
Daily Manipulation and Distribution Levels with Buy/Sell SignalsIndicator Summary:
This indicator is designed for intraday traders, highlighting key price levels and providing simple buy/sell signals based on price manipulation and distribution concepts.
Key Features:
Core Levels:
Manipulation Plus/Minus: Derived from the daily open and a portion of the daily range (e.g., 25%).
Distribution Levels: Daily high and low serve as ultimate targets or resistance/support levels.
Buy and Sell Signals:
Buy Signal: Triggered when the price crosses above the Manipulation Plus level. A green "BUY" label marks the entry.
Sell Signal: Triggered when the price crosses below the Manipulation Minus level. A red "SELL" label marks the entry.
Clean Chart Design:
Hides unnecessary clutter, showing only relevant key levels and labeled signals for clarity.
How to Use:
Entry Points:
Buy Entry: When a green "BUY" label appears after the price breaks above the Manipulation Plus level.
Sell Entry: When a red "SELL" label appears after the price breaks below the Manipulation Minus level.
Exit Strategy:
Take Profit: Use the Distribution Levels (daily high/low) as take-profit zones.
Stop Loss: Set just above/below the Manipulation Levels to manage risk effectively.
One to Two Trades per Session: Focus on high-probability moves to ensure clarity and reduce overtrading.
Who It’s For:
This indicator is ideal for traders seeking a structured and visual approach to intraday trading, with clear entry/exit criteria based on price manipulation and distribution theory. It simplifies decision-making and ensures clean chart setups without overwhelming visuals.
Confirmed market structure buy/sell indicatorOverview
The Swing Point Breakout Indicator with Multi-Timeframe Dashboard is a TradingView tool designed to identify potential buy and sell signals based on swing point breakouts on the primary chart's timeframe while simultaneously providing a snapshot of the market structure across multiple higher timeframes. This dual approach helps traders make informed decisions by aligning short-term signals with broader market trends.
Key Features
Swing Point Breakout Detection
Swing Highs and Lows: Identifies significant peaks and troughs based on a user-defined lookback period.
Breakout Signals:
Bullish Breakout (Buy Signal): Triggered when the price closes above the latest swing high.
Bearish Breakout (Sell Signal): Triggered when the price closes below the latest swing low.
Visual Indicators: Highlights breakout bars with colors (lime for bullish, red for bearish) and plots buy/sell markers on the chart.
Multi-Timeframe Dashboard
Timeframes Monitored: 1m, 5m, 15m, 1h, 4h, 1D, and 1W.
Market Structure Status:
Bullish: Indicates upward market structure.
Bearish: Indicates downward market structure.
Neutral: No clear trend.
Visual Table: Displays each timeframe with its current status, color-coded for quick reference (green for bullish, red for bearish, gray for neutral).
Operational Workflow
Initialization:
Sets up a dashboard table on the chart's top-right corner with headers "Timeframe" and "Status".
Swing Point Detection:
Continuously scans the main timeframe for swing highs and lows using the specified lookback period.
Updates the latest swing high and low levels.
Signal Generation:
Detects when the price breaks above the last swing high (bullish) or below the last swing low (bearish).
Activates potential buy/sell setups and confirms signals based on subsequent price movements.
Dashboard Update:
For each defined higher timeframe, assesses the market structure by checking for breakouts of swing points.
Updates the dashboard with the current status for each timeframe, aiding in trend confirmation.
Visualization:
Colors the bars where breakouts occur.
Plots buy and sell signals directly on the chart for easy identification.
Weekly RSI Buy/Sell SignalsWeekly RSI Buy/Sell Signal Indicator
This indicator is designed to help traders identify high-probability buy and sell opportunities on the weekly chart by using the Relative Strength Index (RSI). By utilizing weekly RSI values, this indicator ensures signals align with broader market trends, providing a clearer view of potential price reversals and continuation.
How It Works:
Weekly RSI Calculation: This script calculates the RSI using a 14-period setting, focusing on the weekly timeframe regardless of the user’s current chart view. The weekly RSI is derived using request.security, allowing for consistent signals even on intraday charts.
Signal Conditions:
Buy Signal: A buy signal appears when the RSI crosses above the oversold threshold of 30, suggesting that price may be gaining momentum after a potential bottom.
Sell Signal: A sell signal triggers when the RSI crosses below the overbought threshold of 70, indicating a possible momentum shift downwards.
Visual Cues:
Buy/Sell Markers: Clear green "BUY" and red "SELL" markers are displayed on the chart when buy or sell conditions are met, making it easy to identify entry and exit points.
RSI Line and Thresholds: The weekly RSI value is plotted in real time with color-coded horizontal lines at 30 (oversold) and 70 (overbought), providing a visual reference for key levels.
This indicator is ideal for traders looking for reliable, trend-based signals on higher timeframes and can be a helpful tool for filtering out shorter-term market noise.
Fibonacci Buy /Sell SignalsHere is a Fibonacci-based Buy/Sell Indicator using retracement levels for potential support and resistance zones. This indicator plots Fibonacci levels and provides buy/sell signals based on price interaction with these levels.
Fibonacci Levels:
Highest high and lowest low over the lookback period.
Key levels: 38.2% (retracement), 50% (midpoint), 61.8% (strong retracement).
Buy Signal: When the price crosses above the 61.8% Fibonacci level (bullish).
Sell Signal: When the price crosses below the 38.2% Fibonacci level (bearish).
SMA, VWAP with Buy/Sell Signals - First Signal OnlyIndicator: SMA, VWAP with First Buy/Sell Signals
Overview:
This indicator plots two Simple Moving Averages (SMA 20 and SMA 200) and the Volume-Weighted Average Price (VWAP) on the chart, with fully customizable colors and line thickness. Additionally, it provides buy and sell signals based on the price action relative to these indicators.
Buy Signal:
A buy signal is generated when a green candle (bullish candle) closes above the SMA 20, SMA 200, and VWAP without touching them (i.e., the low of the candle is above all three). This signal will only be plotted for the first such candle of the day to avoid signal clutter.
Sell Signal:
A sell signal is generated when a candle closes below the SMA 20, SMA 200, and VWAP without touching them (i.e., the high of the candle is below all three). Similar to the buy signal, it will only be plotted for the first qualifying candle of the day.
Customization:
SMAs and VWAP: Users can adjust the lengths, colors, and line thickness of the SMAs and VWAP to suit their preferences.
Signal Shape: You can choose from different shapes (arrow, circle, or cross) to represent the buy and sell signals on the chart.
Key Features:
First Candle Only: Both buy and sell signals are generated only for the first candle that satisfies the conditions, ensuring clean and actionable signals.
Visual Customization: Full control over the appearance of the indicator, including signal shapes and line properties.
Works Across Assets: This indicator is applicable to any asset (stocks, forex, crypto) where price action relative to moving averages and VWAP is important.
Auto Signal Buy/SellAuto Signal Buy/Sell with Time Filter and Dynamic ZLEMA (GMT+2) 🌟
Are you looking for an indicator that combines efficiency and simplicity while integrating advanced elements like SuperTrend, ZLEMA (Zero Lag EMA), and a MACD DEMA for clear and precise buy/sell signals? 📈 Introducing Auto Signal Buy/Sell, the ultimate indicator designed for intraday and swing traders, optimized for market hours in GMT+2.
🛠️ Key Features:
- **Advanced SuperTrend**: Follow the dominant trend with a robust SuperTrend, adjustable to your preferences (customizable multiplier and period).
- **Dynamic ZLEMA**: Get a zero-lag EMA curve with a visual signal. Additionally, the ZLEMA turns blue when it’s nearly flat, helping you easily spot market consolidation phases.
- **MACD DEMA**: An enhanced version of the traditional MACD, using the Double EMA to capture more responsive buy/sell cross signals. 📊
- **Buy/Sell Signals**: Visual arrows clearly indicate potential entry and exit points on your chart, filtered by MACD crossovers and the SuperTrend trend.
- **Smart Time Filter (GMT+2)**: This script adapts to trading hours (customizable) and only displays signals during trading hours. The background turns light blue when the market is closed, preventing confusion during inactivity periods. 🕒
⚙️ Full Customization:
- Adjustable trading hours (default 9 AM to 5 PM in GMT+2) with dynamic background indicating when markets are closed.
- Flexible settings for SuperTrend, ZLEMA, and MACD DEMA to suit any strategy.
🎯 Why Choose This Indicator?
- Optimized for maximum precision with advanced algorithms like ZLEMA and DEMA.
- Easy to use: it provides clear, visual signals directly on the chart—no need to decipher complex indicators.
- A complete intraday and swing indicator that combines trend analysis and signal filtering with precise market hours.
🚀 Boost Your Trading!
Add this indicator to your toolkit and enhance your decision-making. Thanks to its intuitive interface and clear visual signals, you can trade with confidence. 💡
Don't forget to like 👍 and comment if you find this indicator useful! Your feedback helps us continue improving such tools. 🚀
📌 How to Use:
1. Add the indicator to your chart.
2. Adjust the SuperTrend and ZLEMA settings to suit your needs.
3. Follow the buy/sell signals and watch for the light blue background outside of trading hours.
4. Trade effectively and stay in control, even during consolidation phases.
EMA14 Second Time BUY/SELL AlertsEMA14 Crossover Strategy with Conditional BUY/SELL Alerts
This powerful script provides dynamic BUY and SELL alerts based on the interaction between price action and the EMA14 (Exponential Moving Average 14). Ideal for traders looking to capitalize on trend reversals and breakout patterns, this indicator helps you time entries and exits with precision.
Key Features:
Second-Time Crossover Alerts: The script tracks when the price crosses the EMA14 for the second time. This adds confirmation to price movements and helps filter out false signals.
Conditional BUY/SELL Alerts:
BUY Alert: Triggered when the price closes above the EMA14 after a previous SELL signal, indicating a potential trend reversal or breakout to the upside.
SELL Alert: Triggered when the price closes below the EMA14 after a previous BUY signal, signaling a possible shift to the downside.
Advanced Crossover Tracking:
The script counts each crossover of the price relative to the EMA14, generating a BUY or SELL signal on the second instance to provide additional confirmation of trend strength.
Visual Alerts: Labels are plotted directly on the chart to highlight when a BUY or SELL signal has occurred, providing immediate visual feedback for traders to react in real-time.
How It Works:
The script combines the simplicity of EMA14 with enhanced logic that tracks both crossovers and closes relative to the moving average. This ensures that the signals are based not only on quick movements but also on price confirmation, reducing noise and false breakouts.
This script is perfect for traders who rely on moving average strategies and want additional filtering to confirm trends and optimize trade timing.
Optimized Heikin Ashi Strategy with Buy/Sell OptionsStrategy Name:
Optimized Heikin Ashi Strategy with Buy/Sell Options
Description:
The Optimized Heikin Ashi Strategy is a trend-following strategy designed to capitalize on market trends by utilizing the smoothness of Heikin Ashi candles. This strategy provides flexible options for trading, allowing users to choose between Buy Only (long-only), Sell Only (short-only), or using both in alternating conditions based on the Heikin Ashi candle signals. The strategy works on any market, but it performs especially well in markets where trends are prevalent, such as cryptocurrency or Forex.
This script offers customizable parameters for the backtest period, Heikin Ashi timeframe, stop loss, and take profit levels, allowing traders to optimize the strategy for their preferred markets or assets.
Key Features:
Trade Type Options:
Buy Only: Enter a long position when a green Heikin Ashi candle appears and exit when a red candle appears.
Sell Only: Enter a short position when a red Heikin Ashi candle appears and exit when a green candle appears.
Stop Loss and Take Profit:
Customizable stop loss and take profit percentages allow for flexible risk management.
The default stop loss is set to 2%, and the default take profit is set to 4%, maintaining a favorable risk/reward ratio.
Heikin Ashi Timeframe:
Traders can select the desired timeframe for Heikin Ashi candle calculation (e.g., 4-hour Heikin Ashi candles for a 1-hour chart).
The strategy smooths out price action and reduces noise, providing clearer signals for entry and exit.
Inputs:
Backtest Start Date / End Date: Specify the period for testing the strategy’s performance.
Heikin Ashi Timeframe: Select the timeframe for Heikin Ashi candle generation. A higher timeframe helps smooth the trend, which is beneficial for trading lower timeframes.
Stop Loss (in %) and Take Profit (in %): Enable or disable stop loss and take profit, and adjust the levels based on market conditions.
Trade Type: Choose between Buy Only or Sell Only based on your market outlook and strategy preference.
Strategy Performance:
In testing with BTC/USD, this strategy performed well in a 4-hour Heikin Ashi timeframe applied on a 1-hour chart over a period from January 1, 2024, to September 12, 2024. The results were as follows:
Initial Capital: 1 USD
Order Size: 100% of equity
Net Profit: +30.74 USD (3,073.52% return)
Percent Profitable: 78.28% of trades were winners.
Profit Factor: 15.825, indicating that the strategy's profitable trades far outweighed its losses.
Max Drawdown: 4.21%, showing low risk exposure relative to the large profit potential.
This strategy is ideal for both beginner and advanced traders who are looking to follow trends and avoid market noise by using Heikin Ashi candles. It is also well-suited for traders who prefer automated risk management through the use of stop loss and take profit levels.
Recommended Use:
Best Markets: This strategy works well on trending markets like cryptocurrency, Forex, or indices.
Timeframes: Works best when applied to lower timeframes (e.g., 1-hour chart) with a higher Heikin Ashi timeframe (e.g., 4-hour candles) to smooth out price action.
Leverage: The strategy performs well with leverage, but users should consider using 2x to 3x leverage to avoid excessive risk and potential liquidation. The strategy's low drawdown allows for moderate leverage use while maintaining risk control.
Customization: Traders can adjust the stop loss and take profit percentages based on their risk appetite and market conditions. A default setting of a 2% stop loss and 4% take profit provides a balanced risk/reward ratio.
Notes:
Risk Management: Traders should enable stop loss and take profit settings to maintain effective risk management and prevent large drawdowns during volatile market conditions.
Optimization: This strategy can be further optimized by adjusting the Heikin Ashi timeframe and risk parameters based on specific market conditions and assets.
Backtesting: The built-in backtesting functionality allows traders to test the strategy across different market conditions and historical data to ensure robustness before applying it to live trading.
How to Apply:
Select your preferred market and chart.
Choose the appropriate Heikin Ashi timeframe based on the chart's timeframe. (e.g., use 4-hour Heikin Ashi candles for 1-hour chart trends).
Adjust stop loss and take profit based on your risk management preference.
Run backtesting to evaluate its performance before applying it in live trading.
This strategy can be further modified and optimized based on personal trading style and market conditions. It’s important to monitor performance regularly and adjust settings as needed to align with market behavior.
Bollinger Bands with RSI Buy/Sell Signals (15 min) Bollinger Bands with RSI Buy/Sell Signals (15 Min)
Description:
The Bollinger Bands with RSI Buy/Sell Signals (15 Min) indicator is designed to help traders identify potential reversal points in the market using two popular technical indicators: Bollinger Bands and the Relative Strength Index (RSI).
How It Works:
Bollinger Bands:
Bollinger Bands consist of an upper band, lower band, and a middle line (Simple Moving Average). These bands adapt to market volatility, expanding during high volatility and contracting during low volatility.
This indicator monitors the 15-minute Bollinger Bands. If the price moves completely outside the bands, it signals that the market is potentially overextended.
Relative Strength Index (RSI):
RSI is a momentum indicator that measures the strength of price movements. RSI readings above 70 indicate an overbought condition, while readings below 30 suggest an oversold condition.
This indicator uses the RSI on the 15-minute time frame to further confirm overbought and oversold conditions.
Buy/Sell Signal Generation:
Buy Signal:
A buy signal is triggered when the market price crosses above the lower Bollinger Band on the 15-minute time frame, indicating that the market may be oversold.
Additionally, the RSI must be below 30, confirming an oversold condition.
A "Buy" label appears below the price when this condition is met.
Sell Signal:
A sell signal is triggered when the market price crosses below the upper Bollinger Band on the 15-minute time frame, indicating that the market may be overbought.
The RSI must be above 70, confirming an overbought condition.
A "Sell" label appears above the price when this condition is met.
Keltner Channel+EMA with Buy/Sell SignalsIndicator Name: Double Keltner Channel with EMA (Buy/Sell Signals)
Description:
This indicator is designed to help traders identify potential trend reversals and generate buy/sell signals in volatile markets. It combines two Keltner Channels with different sensitivities (multipliers of 2.6 and 3.8) to visualize dynamic support and resistance levels. The addition of a 20-period EMA helps confirm trend direction and filter out potential false signals.
How the Indicator Works:
• Keltner Channels: These bands dynamically adjust to changing market volatility, offering a visual representation of potential price ranges. The 2.6 multiplier Keltner Channel (KC) is more sensitive to price changes, potentially highlighting short-term reversals, while the 3.8 multiplier KC focuses on broader trend shifts.
• 20-period EMA: This widely used trend indicator helps smooth out price fluctuations and identify the underlying direction of the market.
• Buy Signals: Generated when a candle's low touches or crosses below either Keltner Channel's lower band, and within the next 6 candles, that same candle closes above the 20 EMA. This combination suggests a potential rejection of lower prices (support) and a possible resumption of the uptrend.
• Sell Signals: Mirror the buy signal logic but are triggered when the candle's high touches or crosses above either Keltner Channel's upper band and then closes below the 20 EMA within the next 6 candles. This indicates a potential rejection of higher prices (resistance) and a possible shift to a downtrend.
How to Use the Indicator:
1. Identify the Trend: Use the 20 EMA to determine the overall trend direction. Look for buy signals primarily in uptrends and sell signals in downtrends.
2. Confirm with RSI : While not included in this indicator, consider using a separate Relative Strength Index (RSI) with a length of 10, SMA type, MA length of 14, and standard deviation of 2. Look for oversold conditions (RSI below 20) to confirm buy signals and overbought conditions (RSI above 80) to confirm sell signals.
3.Apply Risk Management: Always use appropriate risk management techniques, such as stop-loss orders, to protect your capital.
Key Points:
• This indicator is most effective in trending markets.
• It is not a standalone trading system and should be used in conjunction with other analysis tools and confirmation.
• The Keltner Channel multiplier values can be adjusted to suit your trading style and risk tolerance.
Important Disclaimer:
This indicator is a modification of the original Keltner Channel code and is intended for educational and informational purposes only.
It does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Trend Following Parabolic Buy Sell Strategy [TradeDots]The Trend Following Parabolic Buy-Sell Strategy leverages the Parabolic SAR in combination with moving average crossovers to deliver buy and sell signals within a trend-following framework.
This strategy synthesizes proven methodologies sourced from various trading tutorials available on platforms such as YouTube and blogs, enabling traders to conduct robust backtesting on their selected trading pairs to assess the strategy's effectiveness.
HOW IT WORKS
This strategy employs four key indicators to orchestrate its trading signals:
1. Trend Alignment: It first assesses the relationship between the price and the predominant trendline to determine the directional stance—taking long positions only when the price trends above the moving average, signaling an upward market trajectory.
2. Momentum Confirmation: Subsequent to trend alignment, the strategy looks for moving average crossovers as a confirmation that the price is gaining momentum in the direction of the intended trades.
3. Signal Finalization: Finally, buy or sell signals are validated using the Parabolic SAR indicator. A long order is validated when the closing price is above the Parabolic SAR dots, and similarly, conditions are reversed for short orders.
4. Risk Management: The strategy institutes a fixed stop-loss at the moving average trendline and a take-profit level determinable by a prefixed risk-reward ratio calculated from the moving average trendline. These parameters are customizable by the users within the strategy settings.
APPLICATION
Designed for assets exhibiting pronounced directional momentum, this strategy aims to capitalize on clear trend movements conducive to achieving set take-profit targets.
As a lagging strategy that waits for multiple confirmatory signals, entry into trades might occasionally lag beyond optimal timing.
Furthermore, in periods of consolidation or sideways movement, the strategy may generate several false signals, suggesting the potential need for additional market condition filters to enhance signal accuracy during volatile phases.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 70%
Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Entry Buy/Sell with Adjustable EMA-WMA Difference by Brian LeThe "Entry Buy/Sell with RSI-WMA Conditions" script, crafted by Brian Le, is a specialized TradingView indicator designed for traders who seek to capitalize on specific RSI (Relative Strength Index) crossover events relative to key moving averages, specifically the EMA (Exponential Moving Average) and WMA (Weighted Moving Average). This tool is particularly useful for identifying potential entry points in a trading strategy, marked by distinctive visual signals on the chart.
Key Features:
Customizable Timeframes and Lengths: Users can adjust the lengths of the RSI, EMA, and WMA, making the indicator versatile across various timeframes and trading styles.
RSI Crossover Signals: The script generates signals based on the RSI crossing over the EMA. A green dot signifies a potential buy signal when the RSI crosses above the EMA, while a red dot indicates a potential sell signal when the RSI crosses below the EMA.
Special Conditions Based on WMA: The indicator enhances decision-making by including the WMA in its analysis. Buy signals (green dots) are only shown when the RSI is below the WMA, and sell signals (red dots) are displayed when the RSI is above the WMA. This additional condition helps in filtering out less probable trades.
EMA and WMA Difference Filter: A unique feature of this script is the ability to set a minimum point difference between the EMA and WMA, adding another layer of specificity to the generated signals.
RSI Threshold Filters: The indicator includes optional filters to show signals only when the RSI is above 40 (for buy signals) or below 60 (for sell signals), aiding in avoiding overbought or oversold conditions.
Enhanced Visuals for Significant Events: For more prominent trading events, such as the RSI crossing both the EMA and WMA within a single candle, the script plots larger symbols (triangles), making these significant events stand out on the chart.
Confluence Buy-Sell Indicator with Fibonacci The script is a "Confluence Indicator with Fibonacci" designed to work on the TradingView platform. This indicator combines multiple technical analysis strategies to generate buy and sell signals based on user-defined confluence criteria. Here's a breakdown of its features:
Confluence Criteria: Users can enable or disable various strategies like MACD, RSI, Bollinger Bands, Divergence, Fibonacci, and Moving Average. The number of strategies that need to align for a signal to be generated can be set by the user.
Strategies Included:
MACD Strategy: Uses the Moving Average Convergence Divergence method to identify buy/sell opportunities.
RSI Strategy: Utilizes the Relative Strength Index to detect overbought or oversold conditions.
Bollinger Bands Strategy: Incorporates Bollinger Bands to identify volatility and potential buy/sell signals.
Divergence Strategy: A basic implementation that detects bullish and bearish divergences using the RSI.
Fibonacci Strategy: Uses Fibonacci retracement levels to determine potential support and resistance levels.
Moving Average Strategy: Employs a crossover system between the 50-period and 200-period simple moving averages.
Additional Features:
Support & Resistance: Identifies major support and resistance levels from the last 50 bars.
Pivot Points: Calculates pivot points to determine potential turning points.
Stop Loss Levels: Automatically calculates and plots stop-loss levels for buy and sell signals.
NYC Midnight Level: Option to display the New York City midnight price level.
Visualization: Plots buy and sell signals on the chart with green and red markers respectively.
Adequate Category:
"Technical Analysis Indicators & Overlays" or "Strategy & Scripting Tools".
Ruth Buy/Sell Signal for Day Trade and Swing TradeRuth is based on the most known technical indicators and designed for intraday traders. Ruth's aim is to find the best Buy/Sell points and decide to stop loss point with minimum Loss also Ruth tries to find multiple Profit points as TP1/TP2/TP3/TP4/TP5. Ruth was designed based on the heat map colors to be user-friendly and easy to read. While cold color preferred for Short positions, warm colors preferred for Long positions. The most important feature of Ruth is that after the signal is generated, the candles in which the profitable levels are painted one by one with their own special color codes, so that even the most inexperienced users can understand where they should close their positions.
There are two types of signal Ruth can produce for fast trade.
Short Signal: These signals means market tends to be move to down.
Short Stop Loss Point: This is the maximum risk for the position. Shown with single red line inside of the signal.
Short Entry Point: This is the best entry price for short side position. Shown with single baby blue line inside of the signal.
Short Take Profit (TP1): This level represents the profit level the signal is most likely to reach. Shown with single blue line inside of the signal.
Short Take Profit (TP2): This level represents the profit level with a high probability of the signal occurring. Shown with single light purple line inside of the signal.
Short Take Profit (TP3): This level represents the profit level with an intermediate probability of the signal occurring. Shown with single dark purple line inside of the signal.
Short Take Profit (TP4): This level represents the profit level with a low probability of the signal occurring. Shown with single light lilac line inside of the signal.
Short Take Profit (TP5): This level represents the profit level with a tight probability of the signal occurring. Shown with single dark lilac line inside of the signal.
Long Signal: These signals means market tends to be move to up.
Long Stop Loss Point: This is the maximum risk for the position. Shown with single red line inside of the signal.
Long Entry Point: This is the best entry price for short side position. Shown with single baby blue line inside of the signal.
Long Take Profit (TP1): This level represents the profit level the signal is most likely to reach. Shown with single greenish yellow line inside of the signal.
Long Take Profit (TP2): This level represents the profit level with a high probability of the signal occurring. Shown with yellow purple line inside of the signal.
Long Take Profit (TP3): This level represents the profit level with an intermediate probability of the signal occurring. Shown with single dark yellow line inside of the signal.
Long Take Profit (TP4): This level represents the profit level with a low probability of the signal occurring. Shown with single orange line inside of the signal.
Long Take Profit (TP5): This level represents the profit level with a tight probability of the signal occurring. Shown with single dark orange line inside of the signal.
Timeframe: In general best and fastest results occurred in shorter timeframes like 1 min / 5 mins / 15 mins but feel free to try higher timeframes.
Tips & Tricks:
1) Gray line drawn ot the graph represents Dema, we suggests you to go on Short Singals under gray line and go on Long Signals upper gray line.
2) Mostly, Signals easily reach their TP2 / TP3 levels and then generally there is reaction or take profit desire so commodity price turns the opposite direction. If in short time price won't turn to Signal direction close position.
3) Don't forget, every positions has own risks and profits but trade in main trend is crucial.
ROC Based Buy/Sell SignalsIndicator Explanation:
The "Consolidation Identifier (ROC) with Buy/Sell Signals" indicator is designed to help traders identify potential consolidation zones in the market using the Rate of Change (ROC) indicator. It plots both the positive and negative ROC values, providing insights into price momentum changes. The indicator also includes buy and sell signals that are generated when the positive ROC crosses above the negative ROC (buy signal) or when the negative ROC crosses above the positive ROC (sell signal).
How It Works:
The indicator calculates the ROC of the closing price over a specified period. ROC measures the percentage change in price over a given period. Positive ROC values indicate price increases, while negative ROC values indicate price decreases.
The positive and negative ROC values are plotted on the chart using different colors. The key feature of this indicator is the buy and sell signals that occur when the positive ROC crosses above the negative ROC (buy signal) or when the negative ROC crosses above the positive ROC (sell signal). These signals can help traders identify potential shifts in momentum and potential consolidation zones.
Why It's Useful:
Consolidation Detection: The indicator helps identify periods of potential consolidation in the market. Consolidation zones often precede significant price movements, making them valuable for traders looking to anticipate trends.
Momentum Shifts: The ROC crossovers provide insights into momentum changes. Buy and sell signals can indicate shifts in the market sentiment, helping traders make more informed decisions.
Pairs Well With:
Volume Analysis: Combining this indicator with volume analysis can provide a more comprehensive view of market activity during consolidation zones.
Trend Confirmation Indicators: Pairing with trend-following indicators can help confirm the direction of potential breakout moves following consolidations.
Warnings:
False Signals: Like any technical indicator, false signals can occur, especially in choppy or low-volume markets. Always use additional indicators or analysis to confirm signals.
Market Conditions: The effectiveness of the indicator can vary based on market conditions. It may work better during ranging or consolidation periods rather than strong trending phases.
Parameter Optimization: Adjusting the indicator's parameters (ROC period, SMA period, ROC threshold) may be necessary to fine-tune its performance for specific assets or timeframes.
External Indicator Analysis Overlay | Buy/Sell | HTF Heikin-AshiThis chart overlay offers multiple candlestick display options. The Regular (Japanese) and the Heikin-Ashi candles are well known. The Mari-Ashi (or Renko) option is something special as it should be timeframe independent, so that sideways action should be represented in one candle. That is difficult to realize as an overlay on the normal candlestick structure, but perhaps the chosen implementation is useful nonetheless. The Velocity option is experimental and is designed to show if the price has accelerated too much in a trend direction. In this case, the highs and lows do not reflect the actual highs and lows, but indicate the overshooting velocity. The opening of the candle also depends on the inherent velocity, but the close of the candle is always the actual close. Anyway, it doesn't look very useful, but the option is there.
All options can be applied to higher timeframes. A usable setting is obtained by disabling only the body of the TradingView candles in regular mode and enabling this overlay.
A large part of this overlay consists of buy/sell indication settings. For activation it is necessary to select an external source. For example the “Relative Bi-Directional Volatility Range”, specifically the Trend Shift Signal (TSS). This signal switches from 0 to 1, if the trend becomes bullish or from 0 to -1, if the trend becomes bearish. It will be automatically detected without specifying the Indication Type. Alternatively, the Volatility Moving Average (VMA) would meet the requirements for the Indication Type “Buy = positive | Sell = negative”. The Moving Average Convergence Divergence (MACD) also fulfills these conditions. Another example is to use any Moving Average with the Indication Type “Buy = rising | Sell = falling”. In the chart above the Hull Moving Average (HMA) is used. In addition, it is possible to reverse the signal, so that positive signals become negative and vice versa. The signals will be labeled as Buy or Sell on the chart.
The user can analyze whether the provided signals are good or bad indications for going long or short or simply for rebalancing a portfolio. Therefore, it is possible to set a starting point for the analysis and choose a weighting for the investments from 0% to 100% of the portfolio. To avoid sleepless nights, a very reliable (and conservative) setting seems to be Rebalancing with 50% (very similar to the well-known 60/40 portfolio). The calculation results are shown in a table.
As a small addition there is the possibility to label the peaks by setting the distance between the highs/lows. This will make the quality of the buy and sell signals even more clear.
DZ SR Buy&Sell Enhanced StrategyThis ALGERIAN indicator titled "SR Buy&Sell with Enhanced Strategy" is designed to identify support and resistance levels on a financial chart, and generates enhanced buy and sell signals based on these levels. It is based on a trading strategy that uses a combination of moving means and standard deviation to calculate support and resistance levels.
The indicator plots support and resistance levels on the chart, with blue color for base level, red for resistance and green for support. Green arrows are displayed when a buy signal is generated, and red arrows when a sell signal is generated.
The market entry strategy is based on breaking support and resistance levels. When a buy signal is generated and no position is opened, a buy position is opened with a take profit and stop loss level calculated according to the parameters set by the user. Similarly, when a sell signal is generated and no position is opened, a sell position is opened with the corresponding take profit and stop loss levels.
The indicator also displays a “STOP” indicator when a position exit signal is generated, indicating to the trader that it is time to close the current position.
This indicator is a powerful tool for traders who want to exploit support and resistance levels to improve their trading decisions. It can be used in different financial markets and different time periods. Parameters such as average moving length, deviations and multiplier can be adjusted according to individual trader preferences.
Note: This indicator only provides potential signals and does not guarantee positive results with every trade. It is recommended to use this indicator in combination with other technical analysis and risk management tools to make informed decisions when trading.
