[blackcat] L1 Buy Back

2 nov 2022

Level 1

Background

This indicator models the situation before big money or whales lurking, buying chips, and about to pull up.

Function

When is the time to buy, even if you know that whales are accumulating, but how long it needs to be lurking, and when it will rise is unknown. This indicator has been conditionally modeled through statistical high probability events, and the main judgment is that it is the key to step back before rising The bit, once the signal appears, will be pulled up.

This includes: using a moving average of custom parameters (the parameters of this key moving average need to be found through backtesting for different markets and trading varieties) as the basis for the main characterization of large-capacity trading behavior. Then build a model through the volume-price relationship:
1. There is a feature that the lowest price is lower than the moving average after the downward pressure of large funds.
2. The closing price must effectively stand above the moving average.
3. The ratio of closing prices for two consecutive days is less than the moving average value.
4. The moving average is just above the heavy volume, and the volume ratio meets certain requirements, indicating that it is a feature of heavy volume. (Amplified volume is an important manifestation of banker fund action)

Remarks
Feedbacks are appreciated.

2 nov 2022

Note di rilascio

Add the missing selling points

21 apr

Note di rilascio

OVERVIEW
The [blackcat] L1 Buy Back indicator helps traders identify potential buy-back opportunities by analyzing moving averages and specific market conditions. It combines short-term and long-term moving averages along with volume filters to generate precise buy and sell signals. These signals are visually represented on the chart with labels and can also trigger alerts for timely decision-making 📈💹.

FEATURES

Calculates two moving averages:
Fast Moving Average: Short-term Simple Moving Average (SMA).
Slow Moving Average: Longer-term SMA applied to the Fast Moving Average.
Defines buy and sell conditions based on price action and volume:
Buy Conditions:
Low price is below the Fast Moving Average.
Close price is above the Fast Moving Average.
Current close price relative to the previous close is below the Fast Moving Average.
Price crosses above the Fast Moving Average with increased volume.
Sell Condition: Fast Moving Average crosses below the Slow Moving Average.
Plots both moving averages on the chart with fill between them for better visualization 📊
Displays buy ('B') and sell ('S') labels on the chart for quick identification 🏷️
Generates alerts when buy or sell conditions are met 🔔
HOW TO USE

Add the indicator to your TradingView chart by selecting it from the indicators list.
Adjust the Period parameter to set the duration for the Fast Moving Average ⚙️.
Monitor the chart for buy and sell labels indicating potential trade opportunities.
Set up alerts based on the generated signals to receive notifications when conditions are met 📲.
Use the moving average crossovers and volume filters as additional confirmation tools.
LIMITATIONS

The indicator relies heavily on moving averages, which might lag behind rapid price movements 🌪️.
False signals can occur in highly volatile or ranging markets.
Users should always confirm signals with other forms of analysis before making trading decisions.
NOTES

Ensure that you have sufficient historical data available for accurate calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.
Customize the appearance and parameters as needed to fit your trading strategy.