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.
Cerca negli script per "Buy sell"
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.
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.
Curious Buy - Sell Indicator - Institutional Zones (Smart Money)How the Script Works:
1. The Scripts identifies Institutional Demand , Supply & Neutral Zones with FIBS on the scripts with Rectangle BOX with labels in advance. User can insert desired start and end value to plot institutional zones
2. Script generates BUY - SELL signals shape based on candle stick formation in live market and labels with BUY - SELL image for easy identification
3. Script gives pop message EXIT SHORT once Buy spotted and candle close above the buy signal and same way EXIT LONG once Sell spotted and candle close below the buy signal
4. Scripts identifies the candle closing above the BUY - SELL signals Eg - If buy spotted the candle closing above the BUY signal with display with BLUE color Candle same way for sell signal the candle closing below the sell signal candle with display with BLACK color candle.
5. Script spots fake signals which are not valid and can be ignored by the end user
6. Three EMA's 20,50,200 has implemented to identify the strength of the market
7. Scripts identifies OPEN = LOW & OPEN = HIGH candle stick to spot the Institutional BUY - SELL activity
8. The script provides visual clues on the chart to help users identify potential trading opportunities.
9. The script provides visual clues on the chart to help users identity potential trading opportunities in live market
10. The looks and parameters of the script can be modified by end user to customize and adapt to different strategy.
11. With the script user can check higher time frame DAILY \ WEEKLY BUY - SELL signals to plan intraday trades and plan safe BUY - SELL positions.
How Users Can Make Profit Using This Script:
1. Identify potential BUY - LONG opportunities: When a valid BUY is detected and condition is met, it is suggested to opening BUY position with stoploss below the BUY signal spotted candle.
Safe users can execute BUY position once BLUE COLOR candle is formed, Wait for pull back to reduce the stoploss
2. Identify potential SELL - SHORT opportunities: When a valid SELL is detected and condition is met, it suggests a potential opening SELL positions with stoploss above the BUY signal spotted candle. Safe users can execute SELL position once BLACK COLOR candle is formed, Wait for pull back to reduce the stoploss.
3. Script generated BUY - SELL signal met target with the Institutional zone. Eg if BUY spotted at demand zone target will be neutral zone & Supply zone.
4. Script designed for user to spot high probability trades when BUY SIGNAL SPOTTED at the Institutional Demand zone same way SELL SIGNAL SPOTTED AT INSTITUTIONAL supply zone.
5. Combine with additional analysis: Users can utilize this script as a tool in their overall trading strategy. They can combine the signals with fundament analysis , market sentiment to make more informed trading decision
6.Set risk management measures: It is important for users to implement proper risk management strategies when trading based on the scripts signals. To avoid potential losses user once spotted BUY - SELL execute the long or short position. Ensure to place the stoploss to avoid potential losses and place the target. Once your trade is moving in your favor
can trial your stoploss to cost and protect the profits.
Uptrick: MACD Slope Buy/Sell SignalsThe "Uptrick: MACD Slope Buy/Sell Signals" indicator is an advanced technical analysis tool meticulously crafted to provide traders with precise buy and sell signals derived from the slope changes of the Moving Average Convergence Divergence (MACD) signal line. This indicator integrates user-defined parameters for the MACD calculation, including the fast length, slow length, and signal smoothing period. These parameters allow traders to customize the indicator according to their specific trading strategies and timeframes, ensuring adaptability across various market conditions.
The primary function of this indicator is to monitor the slope of the MACD signal line and detect significant shifts that indicate potential changes in market momentum. The indicator calculates the slope by comparing the current value of the signal line to its previous value, and further determines the change in slope to identify acceleration or deceleration in the trend. A buy signal is generated when the slope of the signal line transitions from negative to positive, signaling an upward momentum, while a sell signal is triggered when the slope moves from positive to negative, indicating a downward trend. To enhance signal accuracy, the indicator distinguishes between regular and strong signals. A strong buy signal requires the slope change to be greater than the simple moving average (SMA) of recent slope changes, whereas a strong sell signal necessitates the slope change to be less than the negative SMA of recent slope changes.
A unique feature of this indicator is its dynamic and intuitive visualization. When a strong buy or sell signal is identified, it plots labels ('B' for buy and 'S' for sell) directly on the price chart. These labels are strategically positioned below or above the respective bars to ensure clear visibility and reduce chart clutter. The indicator also includes an option to connect consecutive signals with lines, which enhances the visual tracking of signal sequences and provides a coherent view of the trend's progression. The color intensity of the plotted signals varies based on the absolute value of the slope, offering an immediate visual cue on the strength of the detected trend changes. A steeper slope results in a darker color, signaling a stronger trend.
To facilitate comprehensive analysis, the indicator also plots the MACD and signal lines on the chart, providing traders with a reference to the underlying data that drives the buy and sell signals. These lines are color-coded for easy differentiation: the MACD line is typically blue, and the signal line is orange. This visual aid ensures that traders have a clear understanding of the indicator's basis and can cross-reference the generated signals with the MACD behavior.
The calculation of this indicator is grounded in well-established technical analysis principles. It employs the MACD function to derive the MACD line and signal line based on the user-defined parameters. The slope of the signal line is then computed, followed by the calculation of the slope change. The buy and sell signals are determined by comparing the current and previous slopes, and the strong signals are filtered through an additional layer of slope change analysis relative to its moving average.
The accuracy and reliability of the "Uptrick: MACD Slope Buy/Sell Signals" indicator stem from its thorough and methodical approach to signal generation. By combining user customization, detailed slope analysis, and robust visual elements, this indicator serves as a powerful tool for traders seeking precise entry and exit points in the market. Its ability to adapt to different trading styles and market conditions, coupled with its clear visual cues, makes it a valuable addition to any trader's toolkit, enhancing decision-making and improving trading outcomes.
AI Big Players Move Pattern with Buy/Sell Signals.Big Players Move Pattern with Buy/Sell Signals
Description:
The "Big Players Move Pattern with Buy/Sell Signals" indicator is a powerful tool designed to help traders identify potential market movements driven by institutional investors, also known as big players or smart money. This indicator leverages key patterns such as volume spikes, support and resistance breakouts, and accumulation/distribution trends to generate actionable buy and sell signals.
Key Features:
Volume Spike Detection:
Volume Spike Length: The indicator calculates the moving average of volume over a user-defined period (default: 20 periods).
Volume Spike Multiplier: A volume spike is detected when the current volume exceeds the moving average volume by a specified multiplier (default: 2.0).
Visual Cue: Volume spikes are plotted on the chart with an orange triangle, indicating potential big player activity.
Support and Resistance Breakouts:
Support/Resistance Length: The indicator identifies key support and resistance levels based on the highest highs and lowest lows over a user-defined period (default: 50 periods).
Breakout Detection: The indicator detects and highlights breakouts above resistance levels and breakdowns below support levels.
Visual Cues: Breakouts are plotted with green upward labels, while breakdowns are plotted with red downward labels.
Accumulation/Distribution Line:
Trend Analysis: The accumulation/distribution line is calculated to provide insights into whether a stock is being accumulated (bought) or distributed (sold) by big players.
Visual Cue: The line is plotted on the chart, helping traders understand underlying market trends.
Buy and Sell Signals:
Buy Signal: Generated when a volume spike coincides with a price crossover above the support level.
Sell Signal: Generated when a volume spike coincides with a price crossover below the resistance level.
Visual Cues: Buy signals are plotted with green labels, and sell signals are plotted with red labels.
Alerts:
Custom Alerts: The indicator includes customizable alerts for volume spikes, buy signals, and sell signals, ensuring that traders never miss a significant market movement.
Benefits:
Early Detection: By identifying the activities of big players, traders can position themselves early to capitalize on significant price movements.
Visual Clarity: Clear visual indicators and signals help traders make informed decisions quickly and accurately.
Customization: Adjustable parameters allow traders to tailor the indicator to their specific trading strategies and timeframes.
Use Cases:
Day Trading: Ideal for identifying intraday movements and capitalizing on short-term opportunities.
Swing Trading: Effective for capturing medium-term trends driven by institutional activities.
Position Trading: Useful for understanding long-term accumulation and distribution patterns by big players.
Enhance your trading strategy with the "Big Players Move Pattern with Buy/Sell Signals" indicator and gain a competitive edge by tracking the movements of institutional investors.
Johnny's Adjusted BB Buy/Sell Signal"Johnny's Adjusted BB Buy/Sell Signal" leverages Bollinger Bands and moving averages to provide dynamic buy and sell signals based on market conditions. This indicator is particularly useful for traders looking to identify strategic entry and exit points based on volatility and trend analysis.
How It Works
Bollinger Bands Setup: The indicator calculates Bollinger Bands using a specified length and multiplier. These bands serve to identify potential overbought (upper band) or oversold (lower band) conditions.
Moving Averages: Two moving averages are calculated — a trend moving average (trendMA) and a long-term moving average (longTermMA) — to gauge the market's direction over different time frames.
Market Phase Determination: The script classifies the market into bullish or bearish phases based on the relationship of the closing price to the long-term moving average.
Strong Buy and Sell Signals: Enhanced signals are generated based on how significantly the price deviates from the Bollinger Bands, coupled with the average candle size over a specified lookback period. The signals are adjusted based on whether the market is bullish or bearish:
In bullish markets, a strong buy signal is triggered if the price significantly drops below the lower Bollinger Band. Conversely, a strong sell signal is activated when the price rises well above the upper band.
In bearish markets, these signals are modified to be more conservative, adjusting the thresholds for triggering strong buy and sell signals.
Features:
Flexibility: Users can adjust the length of the Bollinger Bands and moving averages, as well as the multipliers and factors that determine the strength of buy and sell signals, making it highly customizable to different trading styles and market conditions.
Visual Aids: The script vividly plots the Bollinger Bands and moving averages, and signals are visually represented on the chart, allowing traders to quickly assess trading opportunities:
Regular buy and sell signals are indicated by simple shapes below or above price bars.
Strong buy and sell signals are highlighted with distinctive colors and placed prominently to catch the trader's attention.
Background Coloring: The background color changes based on the market phase, providing an immediate visual cue of the market's overall sentiment.
Usage:
This indicator is ideal for traders who rely on technical analysis to guide their trading decisions. By integrating both Bollinger Bands and moving averages, it provides a multi-faceted view of market trends and volatility, making it suitable for identifying potential reversals and continuation patterns. Traders can use this tool to enhance their understanding of market dynamics and refine their trading strategies accordingly.
Heikin Ashi Smoothed Buy Sell with FiltersWhat is the Heikin Ashi Smoothed Buy-Sell Indicator?
This Pine Script code defines a complex indicator used to determine buy-sell signals on financial charts. The indicator operates based on the smoothed version of Heikin Ashi and is fortified with various filters.
1. Parameters and Settings:
At the start of the code, there are a series of input parameters for the user to customize the indicator. These parameters include:
Trend Filter: Checks whether it is above or below the long-term moving average.
Momentum Filter: Uses the RSI (Relative Strength Index) indicator to check if the market is overbought or oversold.
Volatility Filter: Evaluates the market's volatility level using the ATR (Average True Range) indicator.
Volume Filters: Uses various volume-related parameters to measure the strength of the trade signal.
Trade Settings: Specifies percentage values for target and stop-loss levels to be used in trading.
Moving Average Settings: Allows you to select which moving average to use and its duration.
2. Heikin Ashi Smoothed Calculations:
Heikin Ashi is a charting method used to more clearly represent price movements. The smoothed Heikin Ashi ensures smoother price movements.
3. Moving Average Calculations:
The indicator contains a function to calculate different types of moving averages. These moving averages are used to determine the market trend.
4. Filters:
This indicator includes a series of filters to enhance the quality of the signal. Filters help reduce false signals and produce more robust trading signals.
5. Buy-Sell Signals:
All these filters and calculations are brought together to determine potential buy and sell signals. Signals are triggered when all the specified conditions are met.
6. Chart Visualizations:
This indicator uses various plotting functions to visualize signals and trend information on the chart. This allows the user to easily see signals and the trend on the chart.
7. Trade Settings:
When buy and sell signals are triggered, this section checks if it has reached the specified targets and stop-loss levels.
8. Alerts:
This indicator also sends alerts to the user when specific conditions are met. This ensures that the user doesn't miss potential trading opportunities.
In conclusion, this Pine Script indicator produces buy-sell signals by analyzing market movements and applying various filters. Based on the smoothed version of Heikin Ashi, this indicator is useful for trend followers and is fortified with various filters, thus enhancing the quality of trading signals.
Heikin Ashi Yumuşatılmış Al-Sat Göstergesi Nedir?
Bu Pine Script kodu, finansal grafiklerde al-sat sinyallerini belirlemek için kullanılan karmaşık bir göstergeyi tanımlar. Gösterge, Heikin Ashi'nin yumuşatılmış sürümünü temel alarak çalışır ve çeşitli filtrelerle güçlendirilmiştir.
1. Parametreler ve Ayarlar:
Kodun başlangıcında, kullanıcının göstergeyi kişiselleştirmesi için bir dizi giriş parametresi bulunmaktadır. Bu parametreler şunları içerir:
Trend Filtresi: Uzun vadeli hareketli ortalamanın üstünde veya altında olup olmadığını kontrol eder.
Momentum Filtresi: RSI (Göreceli Güç Endeksi) göstergesini kullanarak piyasanın aşırı alım veya aşırı satım durumunu kontrol eder.
Oynaklık Filtresi: ATR (Ortalama Gerçek Aralık) göstergesi ile piyasanın oynaklık seviyesini değerlendirir.
Hacim Filtreleri: Ticaret sinyalinin gücünü ölçmek için hacimle ilgili çeşitli parametreleri kullanır.
Ticaret Ayarları: Ticarette kullanılacak hedef ve stop-loss seviyeleri için yüzdelik değerleri belirtir.
Hareketli Ortalama Ayarları: Hangi hareketli ortalamayı kullanacağınızı ve bu ortalamanın süresini seçmenizi sağlar.
2. Heikin Ashi Yumuşatılmış Hesaplamaları:
Heikin Ashi, fiyat hareketlerini daha net bir şekilde göstermek için kullanılan bir grafikleme yöntemidir. Yumuşatılmış Heikin Ashi, fiyat hareketlerinin daha pürüzsüz olmasını sağlar.
3. Hareketli Ortalama Hesaplamaları:
Gösterge, farklı türde hareketli ortalamaları hesaplamak için bir fonksiyon içerir. Bu hareketli ortalamalar, piyasa trendini belirlemek için kullanılır.
4. Filtreler:
Bu gösterge, sinyal kalitesini artırmak için bir dizi filtre içerir. Filtreler, yanlış sinyalleri azaltmaya yardımcı olur ve daha sağlam ticaret sinyalleri üretir.
5. Al-Sat Sinyalleri:
Tüm bu filtreler ve hesaplamalar, potansiyel al ve sat sinyallerini belirlemek için bir araya getirilir. Sinyaller, belirlenen koşulların tümü karşılandığında tetiklenir.
6. Grafik Görselleştirmeleri:
Bu gösterge, sinyalleri ve trend bilgisini grafik üzerinde görselleştirmek için çeşitli çizim fonksiyonları kullanır. Bu, kullanıcının grafik üzerinde kolayca sinyalleri ve trendi görmesini sağlar.
7. Ticaret Ayarları:
Alış ve satış sinyalleri tetiklendiğinde, bu bölüm belirlenen hedeflere ve stop-loss seviyelerine ulaşıp ulaşmadığını kontrol eder.
8. Uyarılar:
Bu gösterge ayrıca, belirli koşullar karşılandığında kullanıcıya uyarı gönderir. Bu, kullanıcının potansiyel ticaret fırsatlarını kaçırmamasını sağlar.
Sonuç olarak, bu Pine Script göstergesi, piyasa hareketlerini analiz ederek ve çeşitli filtreleri uygulayarak al-sat sinyalleri üretir. Heikin Ashi'nin yumuşatılmış sürümüne dayanan bu gösterge, trend takipçileri için kullanışlıdır ve çeşitli filtrelerle güçlendirilmiştir, böylece ticaret sinyallerinin kalitesi artar.
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.
Algorganic Buy / Sell / X-Exit Signal [UOI]The " Algorganic Buy / Sell / X-Exit Signal " indicator is an Algorithmic Machine Learning-based superpack indicator that generates buy and sell signals for trading in financial markets. It is packed with conditional statemnets and filters to avoid false signals and utilizes Nearest Neighbors Model (NNM) algorithm with a distance metric to determine the direction of the price movement and make predictions according to the next past 12 bars for the next 4 to 8 bars in whatever chart frame the trader is using. Ideal time frames are 2, 3, 5 and 15 minutes for option traders and scalpers can use it on the 1 minute chart.
The indicator takes into account various technical indicators such as Relative Strength Index (RSI), Average Directional Index (ADX), CCI, Stochastic, ATR and major EMAs and has two optimizer for confirmation. These indicators are used as features to train the Machine Learning model and at the same time to provide better buy and sell signals with multiple "if" conditions.
The NNM algorithm calculates the distance between the current data point and historical data points. It works like a mixture of ATR and ADX. By considering the nearest neighbors, the model predicts the direction of future price movement. The predictions are filtered using additional criteria, including volatility, trend detection, and, ATR and ADX values.
The indicator provides visual signals on the chart, indicating when to enter a long (buy) or short (sell) position but traders should also be mindful of support and resistance levels and oversold and overbought conditions and the higher timeframe signal. It also offers options for dynamic exits based on specific conditions or fixed exits after a predefined number of bars.
Additionally, the indicator includes filters based on EMA (Exponential Moving Average), SMA (Simple Moving Average), and a kernel regression technique. These filters help to refine the signals and reduce noise in the predictions.
The indicator also includes alert functionalities to notify traders of entry and exit points.
The Algorganic is a versatile trading indicator that provides buy and sell signals based on the analysis of various popular technical indicators in combination with Machine Learning techniques with technical analysis and support and resistance levels to generate trading signals, helping traders make informed decisions. This powerful tool overlays on your price chart and can be used across different markets and timeframes.
Key Features:
1. Dynamic EMA Support and Resistance Levels: You can define the top and bottom lines as either 'Support' or 'Resistance'. These levels are calculated using an Exponential Moving Average (EMA) and Average True Range (ATR) inputs.
2. Exponential Moving Average (EMA): The EMA is calculated based on the EMA length input provided by the user, with a default setting of 21 periods.
3. Average True Range (ATR): The ATR is calculated with a default length of 14 periods and is used in determining the support and resistance levels.
4. Buy/Sell Signals: The indicator provides buy and sell signals when the price hits the defined support or resistance levels. These signals are represented by X-shapes plotted on the chart, with green indicating a hit on support (buy signal), and red indicating a hit on resistance (sell signal).
5. Trend Strength Analysis: It uses a unique combination of technical indicators like MACD, RSI, Velocity, CCI, Stochastic, and a custom trend strength indicator. The settings for each of these indicators can be customized according to user preference.
6. Bull/Bear Tug of War: This feature paints the little triangles green if the majority of the indicators are bullish, and red if the majority are bearish. This is a powerful feature to visualize the overall market sentiment.
7. Buy/Sell Alert: The script generates alerts for potential buy and sell signals. Alerts contain information about the signal type, ticker symbol, and current price.
8. Plot EMA Line: This indicator includes an option to display an additional EMA line on the chart, which can be toggled on or off as per the user's choice.
How to use it:
You basically need to master riding this machine. There are a lot of conditions that have been added to make sure novice traders do not make a mistake. The image below shows how to use the indicator. Pay attention to colors:
Longer time frame you should pay attention to the EMA lines and over bought and oversold levels in the optimizers. here is an example:
And another example on 15 min timeframe:
On top of all the above, this indicator has a built-in advanced support and resistance tool that dynamically identifies pivot points and their corresponding support and resistance zones based on the historical data of a given asset. So what this means is that you should ignore a buy signal very close to a resistance and only enter when the resistance is broken.
Here are the configurable support and resistance parameters:
1. Pivot Period : The period considered for pivot detection. The range is between 4 to 30 days with a default value of 25.
2. Source: The price point to be used as the source for pivot detection. You can choose between 'High/Low' and 'Close/Open'.
3. Maximum Number of Pivot: This defines the maximum number of pivot points that the algorithm will store. This can be anywhere from 5 to 100, with 45 as the default value.
4. Maximum Channel Width % : This sets the maximum width of the support/resistance channel as a percentage. Minimum value is 1, with a default value of 10. Higher numbers capture longer timeframe and lower number shorter timeframes. For scalping use 5 or 8 for swing use 12 or 14.
5. Maximum Number of Lines: This sets the maximum number of support/resistance lines displayed on the chart. It ranges from 1 to 15 with a default of 10.
6. Minimum Strength: This is the minimum strength of the support or resistance line, defined by the number of times price touches it. It ranges from 1 to 10 with a default of 2.
7. Line Style: This option allows the user to choose the line style between 'Solid', 'Dotted', and 'Dashed'.
8. Line Width: This allows users to choose the width of the line ranging from 1 to 4.
9. Resistance Color and Support Color: These define the colors for the resistance and support lines.
The script also includes functions to calculate if the price has crossed over or under a support or resistance line.
The S/R assist uses these inputs to calculate pivot highs and lows, create support and resistance zones, and plot these on the chart. When the price crosses a support or resistance line, the script can identify this as a possible trading signal. The lines' strengths are also calculated, and only those with strengths above the user-defined minimum are drawn on the chart.
Multi-Divergence Buy/Sell IndicatorThe "Multi-Divergence Buy/Sell Indicator" is a technical analysis tool that combines multiple divergence signals from different indicators to identify potential buy and sell opportunities in the market. Here's a breakdown of how the indicator works and how to use it:
Input Parameters:
RSI Length: Specifies the length of the RSI (Relative Strength Index) calculation.
MACD Short Length: Specifies the short-term length for the MACD (Moving Average Convergence Divergence) calculation.
MACD Long Length: Specifies the long-term length for the MACD calculation.
MACD Signal Smoothing: Specifies the smoothing length for the MACD signal line calculation.
Stochastic Length: Specifies the length of the Stochastic oscillator calculation.
Stochastic Overbought Level: Defines the overbought level for the Stochastic oscillator.
Stochastic Oversold Level: Defines the oversold level for the Stochastic oscillator.
Calculation of Indicators:
RSI: Calculates the RSI based on the specified RSI Length.
MACD: Calculates the MACD line, signal line, and histogram based on the specified MACD parameters.
Stochastic: Calculates the Stochastic oscillator based on the specified Stochastic parameters.
Divergence Detection:
RSI Divergence: Identifies a bullish divergence when the RSI crosses above its 14-period simple moving average (SMA).
MACD Divergence: Identifies a bullish divergence when the MACD line crosses above the signal line.
Stochastic Divergence: Identifies a bullish divergence when the Stochastic crosses above its 14-period SMA.
Buy and Sell Conditions:
Buy Condition: Triggers a buy signal when all three divergences (RSI, MACD, and Stochastic) occur simultaneously.
Sell Condition: Triggers a sell signal when both RSI and MACD divergences occur, but Stochastic divergence does not occur.
Plotting Buy/Sell Signals:
The indicator plots green "Buy" labels below the price bars when the buy condition is met.
It plots red "Sell" labels above the price bars when the sell condition is met.
Usage:
The indicator can be used on any timeframe and for any trading instrument.
Look for areas where all three divergences (RSI, MACD, and Stochastic) align to generate stronger buy and sell signals.
Consider additional technical analysis and risk management strategies to validate the signals and manage your trades effectively.
Remember, no indicator guarantees profitable trades, so it's essential to use this indicator in conjunction with other tools and perform thorough analysis before making trading decisions.
Feel free to ask any questions
Standard Deviation Buy Sell Signals [UOI]The "Standard Deviation Buy Sell Signals" which is a Mean and VWAP Deviation Super Pack that includes many additional features is an advanced technical analysis tool designed to assist traders in making well-informed decisions in the financial markets. It incorporates various functions and calculations to provide a comprehensive analysis of price movements, trends, and potential trading opportunities in different timeframes. The Super Pack combines elements of volume-weighted average price (VWAP), mean calculation on multiple time frames, standard deviation signals and bands, overbought and oversold signals, measures of central tendency, and multiple time frame calculations of mean reversion. A truly unique indicator.
Here is the details of the supper pack and what is included:
1. VWAP (Volume-Weighted Average Price): The Mean and VWAP Deviation Super Pack includes VWAP, which calculates the average price of a security weighted by its trading volume. This helps traders identify the average price at which a significant amount of trading activity has occurred and can serve as a reference point for determining whether the current price is overvalued or undervalued.
2. Standard Deviation Signals and Bands: The Super Pack incorporates standard deviation signals and bands to measure the volatility of price movements. By calculating the standard deviation of price data, it identifies price levels that deviate significantly from the average, indicating potential overbought or oversold conditions. The standard deviation bands provide visual boundaries that help traders assess the likelihood of a price reversal or continuation. The bands are hidden to avoid too many lines but you can enable them in the setting. See image below:
3. Overbought and Oversold Signals: Using the standard deviation calculations, the Mean and VWAP Deviation Super Pack generates overbought and oversold signals. These signals indicate when a security's price has moved to an extreme level, suggesting a potential reversal or correction in the near future. Traders can use these signals to time their entries or exits in the market. You can change the RSI number in the setting to get more or less signals.
4. Measures of Central Tendency: The Super Pack incorporates measures of central tendency, such as the mean, median, or mode, to provide a sense of the average or typical price behavior. These measures help traders identify the prevailing trend or price direction and assess the likelihood of a trend continuation or reversal. This provide reassurance of whether price is too far from center in multiple time frames.
5. Multiple Time Frame Calculation of Mean Reversion: The Mean and VWAP Deviation Super Pack employs multiple time frame calculations to identify mean reversion opportunities. It compares the current price with the historical average price over different time periods, allowing traders to identify situations where the price has deviated significantly from its mean and is likely to revert back to its average value. This can be useful for swing trading or short-term trading strategies.
By combining these various functions, the Mean and VWAP Deviation Super Pack provides traders with a comprehensive analysis of price dynamics, trend strength, potential reversals, and mean reversion opportunities. It aids in making more informed trading decisions and improving overall trading performance.
Why is this super pack indicator an essential trading strategy for every trader:
Standard deviation and mean reversion are valuable tools for traders, especially when the market is in a ranging phase. A ranging market is characterized by price movements that oscillate between defined support and resistance levels, with no clear trend in either direction. In such market conditions, standard deviation and mean reversion strategies can be particularly effective. Here's why:
1. Standard Deviation: Standard deviation is a statistical measure that quantifies the volatility or dispersion of price data around its average. In a ranging market, where prices tend to fluctuate within a certain range, standard deviation can help identify overbought and oversold levels. When the price reaches the upper end of the range, the standard deviation bands widen, indicating higher volatility and a potential selling opportunity. Conversely, when the price reaches the lower end of the range, the bands narrow, suggesting lower volatility and a potential buying opportunity. Traders can use these signals to anticipate price reversals and take advantage of the predictable nature of ranging markets.
2. Mean Reversion: Mean reversion is a concept that suggests prices tend to move back toward their average or mean over time. In a ranging market, where prices repeatedly move between support and resistance levels, mean reversion strategies can be highly effective. By identifying when the price has deviated significantly from its mean, traders can anticipate a potential reversal back toward the average. When the price reaches extreme levels, indicating overbought or oversold conditions, traders can enter positions in the opposite direction, expecting the price to revert to its mean. Mean reversion strategies can be implemented using various indicators, including Bollinger Bands, moving averages, or standard deviation bands.
3. Range Boundaries: In a ranging market, the upper and lower boundaries of the price range serve as reliable reference points for traders. Standard deviation and mean reversion strategies capitalize on the repetitive nature of price movements within these boundaries. Traders can set their entry and exit points based on the standard deviation bands or mean reversion signals to take advantage of price reversals near the range boundaries. By properly identifying and reacting to these levels, traders can profit from the price oscillations within the range.
4. Risk Management: Standard deviation and mean reversion strategies provide traders with clear entry and exit points, allowing for effective risk management. By placing stop-loss orders beyond the range boundaries or the standard deviation bands, traders can limit their potential losses if the price continues to move against their positions. Additionally, by taking profits near the opposite range boundary or when the price reverts back to the mean, traders can secure their gains and maintain a disciplined approach to trading.
Standard deviation and mean reversion strategies offer traders a systematic approach to capitalize on ranging markets. But the cherry on top is the overbought and oversold signals:
The concept of overbought and oversold levels is widely used in technical analysis to identify potential reversals in price trends. Typically, indicators like the Relative Strength Index (RSI) are employed to determine when an asset may be overbought or oversold. However, you have developed a unique approach by incorporating an interactive variable with RSI and Average True Range (ATR) to create a distinct overbought and oversold signal. Here's why this approach stands out:
1. Divergence: Your approach introduces a divergence concept by combining RSI and ATR. Traditionally, overbought and oversold signals rely solely on RSI readings. However, by considering the interaction between RSI and ATR, you bring a new dimension to these signals. The divergence occurs when the RSI indicates overbought conditions while simultaneously ATR crosses over into bearish territory, or when the RSI signals oversold conditions along with ATR crossing over into bullish territory. This divergence adds an extra layer of confirmation to the overbought and oversold signals.
2. Reduced False Signals: The incorporation of ATR in conjunction with RSI helps filter out false signals that may occur during trending market conditions or short squeezes. Trend days or periods of increased volatility can cause RSI to remain in overbought or oversold territory for an extended period, generating numerous signals that may not be reliable. By considering the crossing of ATR into bearish or bullish territory, your approach adds a dynamic element to the signal generation process. This interactive variable helps ensure that the overbought and oversold signals are not solely based on RSI getting hot, reducing the likelihood of false signals during trending or volatile periods.
3. Improved Timing: The interaction between RSI and ATR provides a more nuanced approach to timing overbought and oversold signals. By waiting for the ATR to confirm the RSI signal, you introduce an additional condition that enhances the precision of the timing. The bearish or bullish crossover of ATR serves as a confirmation that market conditions align with the overbought or oversold signal indicated by RSI. This combined approach allows for more accurate entry or exit points, increasing the potential profitability of trades.
4. Customization and Adaptability: By creating this interactive variable with RSI and ATR, you have developed a customizable approach that can be adapted to different trading styles and preferences. Traders can adjust the sensitivity of the signals by modifying the parameters of the RSI and ATR. This flexibility allows for a personalized trading experience and enables traders to align the signals with their specific risk tolerance and market conditions.
This approach to overbought and oversold signals utilizing RSI and ATR introduces a unique perspective to technical analysis. By incorporating divergence and interactive variables, you enhance the reliability of these signals while reducing false readings. This approach provides improved timing and adaptability, making it a valuable tool for traders seeking to identify potential reversals in price trends with greater accuracy and confidence.
HOW to avoid fake signals?
When it comes to trading with standard deviation as a strategy, it's important to note that on extreme trend days, this indicator may generate false signals. This occurs because standard deviation is primarily designed to measure volatility and deviations from the mean in a range-bound market. During strong trending periods, the price tends to move in one direction with minimal deviations, rendering the standard deviation less effective.
To avoid trading based solely on standard deviation during extreme trend days, it is advisable to incorporate additional indicators that can provide insights into the stock's trend or squeeze conditions. These indicators can help determine whether the market is experiencing a strong trend or a squeeze, allowing you to avoid false signals generated by standard deviation.
By utilizing complementary indicators such as trend-following indicators (e.g., moving averages, trendlines) or volatility indicators (e.g., Bollinger Bands), you can gain a more comprehensive understanding of the market environment. These indicators can help confirm whether the stock is in a trending phase or experiencing a squeeze, helping you avoid entering trades solely based on standard deviation during these extreme trend days.
In summary, while standard deviation is a valuable tool in range-bound markets, it may produce unreliable signals on extreme trend days. By incorporating other indicators that provide insights into the stock's trend or squeeze conditions, traders can better assess the market environment and avoid false signals generated by standard deviation during these periods. This approach enhances the overall effectiveness and accuracy of trading strategies, leading to more informed and profitable decision-making.
active buy/sell effectivenessIntrabar up/down movement divided by intrabar up/down volume , by counting the candles in a lower time frame. This shows how much active buy/sell orders can push the price and evaluate the selling/buying pressure, and can be used to identify potential swing highs and lows or to confirm patterns.
Wavy Tunnel + Trend ATR Buy Sell Signal by PaRnWavy Tunnel + Trend ATR Buy Sell Signal by PaRn
Originality by PaRn
First Combination of Wavy Tunnel + Trend ATR Buy Sell Signal by PaRn
"Buy Sell Signal" is base on Volatility Stop 20, Multiplier 2.5
"Trend Signal" is based on EMA crossover between EMA12(Close) and EMA26(Close)
Take Profit Line is EMA15(Default)
Wavy line Base on EMA34(high,close,low)
Tunnel line Base on EMA144(close),EMA169(close)
Green Candle Bar = "Uptrend"
Red Candle Bar = "Downtrend"
Buy when "Buy" Signal present
Follow Trend till the end of the trend : "Sell" Signal present
Buy More (Optional) = Green Arrow present on Uptrend
How to use Wavy Tunnel + Trend ATR Buy Sell Signal by PaRn
- Wavy Tunnel + Trend Signal can be used in any timeline from 5 Minutes to Weeks
- Price above both Wavy & Tunnel = "Uptrend"
- Green Candle Bar = Uptrend
- Buy when "Buy" Signal present
- Buy More (Optional) = Green Arrow present on Uptrend
- Hold your possition and Follow Trend till the end of the trend : "Sell" Signal present, It's time to sell all position
NOT RECOMMEND TO USE ON SIDEWAY MARKET
Long Short | Buy Sell IndicatorThis indicator is based on an adaptive RSI. You can change one setting, the period. The period means, how many past bars are included in the calculation of the indicator. Be aware, that the period needs to be the same or less than the available past bars of your trading pair. The indicator works on every timeframe. The past data bars are repainted, but the real time indicator should just give you valid buy and sell alarms.
The indicator includes:
- buy / long signals
- sell / short signals
- buy and sell prices
- results of trades
- alarms for buy and sell
Please try it out at first with no money or something. Just set alerts for buy and sell and check the performance of the indicator afterwards, maybe it is a good strategy for you with your settings.
Greetings,
snurk
MACD Hybrid BSHMACD = Moving Average Convergence and Divergence
Hybrid = Combining the two main MACD signals into one indicator
BSH = Buy Sell Hold
This indicator looks for a crossover of the MACD moving averages (12ema and 26ema) in order to generate a buy/sell signal and a crossover of the MACD line (12ema minus 26ema) and MACD signal line (9ema of MACD line) in order to generate a completely seperate buy/sell signal. The two buy/sell signals are combined into a hybrid buy/sell/hold indicator which looks for one, neither, or both signals to be "buys." If both signals are buys (fast crossed above slow), a "buy" signal is given (green bar color). If only one signal is a buy, a "hold" signal is given (yellow bar color). If neither signal is a buy, a "sell" signal is given (red bar color). Note: MACD moving averages crossing over is the same thing as the MACD line crossing the zero level in the MACD indicator.
It makes sense to have the MACD indicator loaded as a reference when using this but it isn't required. The lines plotted on the chart are the 12ema and a signal line which is the MACD signal line shown relative to the 12ema rather than the MACD line. The 26ema is not plotted on the chart because the chart becomes cluttered, plus the moving averages crossing over is indicated with the MACD indicator.
This indicator should be used with other indicators such as ATR (1), RSI (14), Bollinger bands (20, 2), etc. in order to determine the best course of action when a signal is given. One way to use this as a strict system is to take a neutral cash position when a yellow "hold" signal is given, to go long when a
green "buy" signal is given, and to go short when a red "sell" signal is given. It can be observed that for many tickers and timeframes that green-yellow-green and red-yellow-red sequences are stronger signals than green-yellow-red and red-yellow-green signals.
Note: Chart type must be "bars" in order for the bar colorization to work properly
Smart Forex Buy Sell Signal by LukasHi again!
So, this is BUY and SELL signal base on Price action, RSI, and Correlation between Forex Major Pairs.
It's only work for Forex Major Pairs because I only took their data.
Included alert : Spec, Buy, Strong
Recommended to wait for double signal :
Spec Buy > Buy or Spec Sell > Sell
Buy > Strong Buy or Sell > Strong Sell
So execute after the second signal triggered.
It's indicate the trend.
Looking forward for your feedback to improve the script.
Thank you.
It's better combine it with Moving average indicator to indicate direction, I use Moving Average Adaptive Q from cheatcountry to help me make decision.
Theft Indicator - Buy/Sell Options Trading 1-3Mins ScalpingWhat is our indicator?
Theft Indicator - Buy/Sell Options Trading Signals is our third published script that shows price action on a certain period of time (We Use ATR indicator). We take pride in enabling trading to become easier for the experienced and the non-experienced traders around the globe. Buy & Sell alerts will be fired once a condition in our algo is met.
Does it Repaint?
Our indicator does NOT re-paint. Although while setting an alert it may pop up the repaint alert, please take into consideration that once a signal is fired on a "CLOSED BAR", our signal will never disappear, they do not repaint.
What Markets is it usable with?
You can use it in any market, Forex, Stocks, Crypto, Indices. All time frames are profitable, not all trades. But the Majority is profitable if you use a stop loss and target price. Although this one is for STOCK OPTIONS, it can work for other markets as well, but it will best perform with STOCKS & OPTIONS TRADING
How to use:
Simple plug and play it to your chart, in addition to a few other indicators we will recommend to you (we still have not published them yet), and this will confirm your trades. You can also connect TV alerts with a bot and let it run. Please be aware that SLIPPAGE time is important, If you run a bot on this indicator you HAVE to know that the buy/sell price will be on the bar AFTER the Candle close (For example: the BUY/SELL alert is on a candle, the buy/sell your bot or you will execute WILL be on the following candle depending on your trading system) THIS IS WITH EVERY SCRIPT, NOT MINE ONLY. We advise you to not leave the bot to trade on its own, you have to monitor and have a specific syntax that we will help you with creating according to your trading style.
How are the Buy/Sell Alerts fired?
We use the simple ATR (Average True Range) indicator. However we have modified the indicator to serve our trading system. Check below for a definition of what ATR is:
What is Average True Range - ATR?
The average true range (ATR) is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. Specifically, ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. The average true range is then a moving average, generally using 14 days, of the true ranges.
Why is our indicator special and different from the normal ATR indicators?
We have modified the uniqueness of ATR and changed it slightly to give more accurate signals, we do not promise all trades are profitable, the use of this indicator is up to your own judgement and liability. We believe that we have an indicator like no other ATR.
P.S: This is not financial advice, we are just sharing our indicator that we know has good results, and it will take time for people in -ve profiles to recover losses and for the profiting to be more profitable. We use a specific trading method that only works with it
You can contact me for more information about the indicator, Goodluck :)
NKP Buy Sell Signals- INDEXNKP Buy Sell signal is an indicator. It will plot buy / sell signal in live market based on EMA , VWAP , RSI , PSAR, MACD generates information about entry points at close of the candle. Strong Buy/ Sell signal is the best entry point but you can enter at the next candle.
it will give good signals on index- NIFTY, BANK NIFTY
we can see signals like buy/strong buy or sell/strong sell - 5 min candle
if the price above the VWAP and SMA20 lines and buy signal came then go for long if sell signal came below the VWAP and SMA20 line the go for short.
How does it work?
buy - take the buy order in next candle open's stop loss will be signal candle low
strong buy - take the buy order in next candle open's stop loss will be signal candle low
sell - take the sell order in next candle open's stop loss will be signal candle high
strong sell- take the buy order in next candle open's stop loss will be signal candle high
What are the signals?
Yes it will generate the buy/sell/strong buy/strong sell signals in the live market
these signal will plot up/down arrow based on signal.
Can we set the Alert on this?
Yes, we can set the alert based on the signals
Four custom alerts - NKP Buy , NKP strong Buy , NKP Sell, NKP Strong Sell
IMPORTANT: this script does not generate exit signals and those should be find using money management rules or else. Perfectly catches long runs in trends at all underlings (indexes ) at 5 min time frame. Lower/High period gives more incorrect signals and shorter runs on below 5 min period , higher period gives you late entry and less. Of course it gives false signals from time to time but fortunately it makes a correction very fast.
Try it! Good luck and good trading!
For access, please PM us or visit the link below in our Signature.
NKP Buy Sell SignalsNKP Buy Sell signal is an indicator. It will plot buy / sell signal in live market based on EMA , VWAP , RSI , PSAR, MACD generates information about entry points at close of the candle. Strong Buy/ Sell signal is the best entry point but you can enter at the next candle.
we can see signals like buy/strong buy or sell/strong sell - 5 min candle
if the price above the VWAP and SMA20 lines and buy signal came then go for long if sell signal came below the VWAP and SMA20 line the go for short.
How does it work?
buy - take the buy order in next candle open's stop loss will be signal candle low
strong buy - take the buy order in next candle open's stop loss will be signal candle low
sell - take the sell order in next candle open's stop loss will be signal candle high
strong sell- take the buy order in next candle open's stop loss will be signal candle high
What are the signals?
Yes it will generate the buy/sell/strong buy/strong sell signals in the live market
these signal will plot up/down arrow based on signal.
Can we set the Alert on this?
Yes, we can set the alert based on the signals
Four custom alerts - NKP Buy , NKP strong Buy , NKP Sell, NKP Strong Sell
IMPORTANT: this script does not generate exit signals and those should be find using money management rules or else. Perfectly catches long runs in trends at all underlings (stocks, indexes ) at 5 min time frame. Lower/High period gives more incorrect signals and shorter runs on below 5 min period , higher period gives you late entry and less. Of course it gives false signals from time to time but fortunately it makes a correction very fast.
Try it! Good luck and good trading!
For access, please PM us or visit the link below in our Signature.
NKP Buy Sell Signal Alert V1This great and simple buy / sell indicator based on EMA , VWAP , RSI , PSAR, MACD generates information about entry points at close of the candle. Strong Buy/ Sell signal is the best entry point but you can enter at the next candle.
we can see signals like buy/strong buy or sell/strong sell - 5 min candle
if the price above the VWAP line and buy signal came then go for long if sell signal came below the VWAP line the go for short.
buy - take the buy order in next candle opens SL will be signal candle low
strong buy - take the buy order in next candle opens SL will be signal candle low
sell - take the sell order in next candle opens SL will be signal candle high
strong sell- take the buy order in next candle opens SL will be signal candle high
IMPORTANT: this script does not generate exit signals and those should be find using money management rules or else. Perfectly catches long runs in trends at all underlings (stocks, indexes ) at 5 min time frame. Lower/High period gives more incorrect signals and shorter runs on below 5 min period , higher period gives you late entry and less. Of course it gives false signals from time to time but fortunately it makes a correction very fast. Try it! Good luck and good trading!
[astropark] Super RSI [alarms]Dear Followers,
today a new Scalper Tool , which works great on 3 minutes and 5 minutes timeframes , but also down to 1m and up to 30m!
I called it " Super RSI ", as it is based on RSI and inherits some basic functionality from it.
If you check its settings, you will see that you can have 3 different buy-sell sources (first two are active by default):
STRONG BUY/SELL : buy when white area deeply falls into oversold-red zone and sell when white area gets into overbought-green zone (you can set and edit at which level oversold and overbought zones start);
CROSSES : buy when the black RSI line in the middle between red and green area cross under the buy cross limit value and sell when it crosso over the sell cross limit value (you can set and edit specific cross ranges for both buy and sell);
WEAK BUY/SELL : buy when green area at least go below 50 level and sell when red area at least goes above 50 level (you can edit both levels); these conditions are highlighted as background color and are very useful for taking (at least partial) profits in trades.
By default the script will be placed as overlay on the chart, but
> you can activate the oscillator plot by disabling the "hide all plot" option
> and place it in a below pane by clicking on the black arrow at then end on the indicator name in chart and selecting "move to -> a new pane below"
This strategy can trigger till 10 buy or 10 sell signals in a row before reverting, so use a proper money management .
Strategy results are calculated on 20 trading days using 1000$ as initial capital and working at 10x leverage.
The user who wants to use this strategy, especially via an automated bot, must always set a stoploss at 3-5% from entry point or use a proper risk management strategy .
This is not the "Holy Grail", so use it with caution.
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The backtesting script version of this indicator, which will let you backtest this script and find best settings for your preferred market, can be found here below:
This is a premium indicator , so send me a private message in order to get access to this script .
