Yenduri - Buy/Sell Signals

Title: Yenduri - Buy/Sell Signals

A comprehensive technical analysis tool that combines ADX and regression slopes across multiple timeframes to generate high-probability trading signals.

🔑 Key Features

• Multi-timeframe analysis across three timeframes (Current, Higher, and Next Higher)
• Index correlation analysis for enhanced signal validation
• Advanced ADX-based trend strength confirmation
• Visual signals with color-coded tables and chart markers
• Detailed trend analysis with automatic timeframe progression

📊 Indicator Components

1. Signal Generation
- Buy/Sell signals based on ADX crossovers
- Trend strength confirmation using multiple timeframes
- Index correlation for market context

2. Visual Indicators
- Color-coded bars for trend direction
- Triangle markers for entry signals
- Trend lines for active trades
- Position labels with entry/exit points

3. Information Display
- Real-time status table showing:
- Current timeframe analysis
- Higher timeframe trends
- Next higher timeframe conditions
- Index correlation status
- Trend duration counter
- ADX strength indicators

⚙️ Customizable Inputs

• ADX Smoothing Length
• DI Length
• Short-term Regression Length
• Long-term Regression Length
• Index Selection (Multiple major indices supported)
• Timeframe Selection

📈 Trading Applications

1. Entry Signals
- Generates buy signals when:
- Multiple timeframe trends align
- ADX shows increasing trend strength
- Index correlation confirms market direction

2. Exit Signals
- Automatically identifies potential exit points based on:
- ADX weakness
- Trend reversal signals
- Multi-timeframe confluence

📊 How to Use:
1. Add the script to your chart on TradingView.
2. Customize the input parameters based on your trading preferences.
3. Look for buy/sell signals on the chart.
4. Use the summary table to assess market conditions across different timeframes.
5. Set up TradingView alerts to get notified of signals.

⚙️ Benefits:
- Comprehensive Analysis: Combines multiple indicators and timeframes for reliable signals.
- Customizable: Adaptable to different trading styles and instruments.
- User-Friendly: Clear visual signals and a summary table make it easy to interpret.
- Versatile: Works for a wide range of indices and timeframes.


📊 Example Use Case:
- A trader using the NIFTY index on a 15-minute chart can:
1. Identify bullish trends when DI+ > DI- and ADX is rising.
2. Confirm the trend using higher timeframe analysis.
3. Enter a trade when the Buy signal is generated and exit when the Sell signal is generated.

🎯 Best Practices

• Use in conjunction with other technical analysis tools
• Consider all timeframe signals before entering trades
• Pay attention to index correlation for better accuracy
• Monitor ADX strength for trend confirmation
• Use volume analysis to validate signals

📋 Supported Markets

• Stocks
• Indices
• Futures
• Forex
• Commodities
• Cryptocurrencies


🔄 Updates

Regular updates and improvements based on user feedback and market conditions. Follow for latest versions and improvements.

⚠️ Risk Management

This indicator should be used as part of a complete trading strategy that includes proper risk management and position sizing. No indicator can guarantee profitable trades.

📝 Note
- This script is for educational and informational purposes only.
- Always backtest and paper-trade before using it in live trading.
- Past performance is not indicative of future results. Always conduct your own analysis and use this indicator as one of multiple tools in your trading decision process.