Buying/selling pressureBuying/selling pressure
Green bar for buying pressure, calculated by multiply Volume change and the increasing of price
Red bar for selling pressure, calculated by multiply Volume change and the decreasing of price
White bar is the subtract of Green bar and Red bar, which is calculated how strong of buying or selling in the market at the current timeframe.
The heigh of the Bars (green+red) is related to Moving average of Volume (100 points is equal to 100% of current Volume MA) , can set custom period in Setting.
Komut dosyalarını "Buy sell" için ara
Buy/Sell Position//Buy/Sell Position
//by Simple Trading Techniques
//The purpose of the buy/sell line is to decide when to buy
//or when to sell; taking the “guesswork” out of trading.
//Buy/Sell line is used to determine the overall trend of the market.
//It works on any timeframe, in any direction and in any market.
//BUY RULE
//Buy only when price (entry) is above the buy/sell line.
//SELL RULE
//Sell only when price (entry) is below the buy/sell line.
Buy sell ATR Bollinger [vivekm8955]Buy Sell ATR Bollinger
This script combines Bollinger Bands with an optional ATR-based filter to generate high-probability Buy/Sell signals with trend confirmation.
🔹 Buy Signal: Price breaks above the upper Bollinger Band and trend flips bullish.
🔹 Sell Signal: Price drops below the lower Bollinger Band and trend flips bearish.
🔹 ATR Filter (Optional): Smoothens signals by filtering out weak breakouts based on volatility.
🔹 Visual Aids: Color-coded trend bands (Yellow for bullish, Red for bearish) with clean BUY/SELL labels.
🔹 Alerts Enabled: Get notified on signal generation.
✅ Suitable for intraday and swing traders
✅ Works across all timeframes
✅ Fully customizable inputs
trade safe with risk management! Happy trading!!
Buy/Sell EMA Trend Filter v6Buy/Sell EMA Trend Filter v6
This indicator provides a comprehensive trading system based on EMA crossovers with trend filtering for TradingView. It's designed to identify high-probability buy and sell signals by combining short-term crossovers with longer-term trend direction confirmation.
Key Features:
EMA Crossover System: Uses fast and slow EMAs (9 and 21 by default) to generate initial signals
Trend Filtering: Confirms signals with longer-term trend direction (50 and 200 EMAs)
Automatic TP/SL Calculation: Displays clear take profit and stop loss levels based on fixed risk points
Visual Alerts: Clear buy/sell markers at the point of signal with detailed labels
Risk Management: Pre-calculated risk-to-reward setup (default 1:2 ratio)
How It Works:
Buy Signal: When the fast EMA crosses above the slow EMA while the 50 EMA is above the 200 EMA (bullish trend)
Sell Signal: When the fast EMA crosses below the slow EMA while the 50 EMA is below the 200 EMA (bearish trend)
Customizable Parameters:
Fast EMA period (default: 9)
Slow EMA period (default: 21)
Trend EMA periods (default: 50 and 200)
Fixed risk in points (default: 20)
Reward ratio (default: 2.0)
The indicator displays clear entry points with predefined stop loss and take profit levels, making it ideal for traders looking for a systematic approach to the markets. Perfect for both day trading and swing trading timeframes.
This tool combines both trend following and momentum principles to filter out low-probability trades and focus on high-quality setups where the trend and momentum align.
Buy/Sell IndicatorBuy/Sell Indicator
Overview
The Buy/Sell Indicator is designed to help traders identify potential entry and exit points in the market using a combination of Simple Moving Averages (SMA) and the Relative Strength Index (RSI). This indicator plots buy and sell signals directly on the chart, making it easier to make informed trading decisions.
Inputs
Fast MA Length: The period for the fast-moving average. Default is 9.
Slow MA Length: The period for the slow-moving average. Default is 21.
RSI Length: The period for the RSI calculation. Default is 14.
RSI Overbought Level: The RSI level considered overbought. Default is 70.
RSI Oversold Level: The RSI level considered oversold. Default is 30.
How It Works
Moving Averages:
The indicator calculates two SMAs: a fast-moving average (fastMA) and a slow-moving average (slowMA).
The fast MA reacts more quickly to price changes, while the slow MA reacts more slowly.
RSI:
The RSI is calculated to measure the momentum of price movements.
It helps identify overbought and oversold conditions in the market.
Buy and Sell Conditions:
Buy Signal: A buy signal is generated when the fast MA crosses above the slow MA and the RSI is below the overbought level.
Sell Signal: A sell signal is generated when the fast MA crosses below the slow MA and the RSI is above the oversold level.
Plotting
Buy Signals: Displayed as green labels below the bars where the buy condition is met.
Sell Signals: Displayed as red labels above the bars where the sell condition is met.
Moving Averages: The fast MA is plotted in blue, and the slow MA is plotted in orange.
Buying/Selling Pressure & Trend Strength/Direction (Expo)"Trading in the direction of a strong trend reduces risk and increases profit potential."
Buying/Selling Pressure & Trend Strength/Direction (Expo) identifies the current buying and selling pressure which easily can be compared to each other to get a feel about if the buyers or the sellers dominate the market. The indicator is also used to determine when the price is trending strongly and where there is a high probability for a pullback or trend reversal.
Red line = Selling Pressure
Green line = Buying Pressure
Limit Value -- Trend Strength
0-200 -- Absent or Weak Trend
200-400 -- Strong Trend
400-600 -- Very Strong Trend
600-1000 -- Extremely Strong Trend (High probability for a pullback or trend reversal)
The limit values can differ some from crypto/currencies/stocks/indices, you can adjust the limits so that it matches the instrument. (but in general, the standard limit works perfectly).
The indicator displays the following:
Buy/Sell pressure.
When you should start looking for support/resistance levels.
Momentum.
Trend & which strength the trend has.
Geometric trend strength (Green/Red Triangles).
"Heads-up" pullback/reversal - signals (Thicker buy/sell lines).
♦ Geometric trend is a unique way to calculate trend strength and does only occur in specific circumstances. When it does, the trend is extremely strong or it's a sign of trend exhaustion. It's always good to start looking for potential reversal points when the market is in this mode, especially if a major support/resistance levels/zones are close.
♦ "Heads-up" pullback/reversal - signals identify areas where a pullback or a reversal can occur, and if this signal comes when the buying/selling pressure is above the limit value 600 a pullback/reversal is likely.
DIVERGENCES
All types of oscillators produce divergences and so does Buying/Selling Pressure & Trend Strength/Direction (Expo). Divergences occur when the oscillator deviates from the trending price action. Bullish divergence is then when the trending price makes a lower low but the oscillator makes a higher low. Bearish divergence is then when the trending price makes a higher high but the oscillator makes a lower high.
♢ ♢ The indicator is simple to understand and use. It can be used standalone or as a part of your current trading strategy. ♢ ♢
HOW TO USE
1. Use the indicator to identify buying and selling pressure.
2. Use the indicator to determine the trend strength.
3. Use the indicator to confirm the existence, or a continuation, of a trend or a trend reversal.
4. Use the indicator to identify trend exhaustion.
5. Use the indicator to identify divergences.
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
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ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Buy/Sell Signal Template/Boilerplate [MyTradingCoder]This script allows the user to connect an external indicator output/plot value to allow for a no-code solution to setup a simple buy/sell signal indicator. For those of you who do not know how to program, do not be intimidated as this is a very easy setup process.
Maybe you want to buy when the 'RSI' value drops below '30' and then sell when the 'RSI' value climbs above '70', but you don't want to code it. You can do that with this indicator along with thousands of others found on the free TradingView indicator library.
Step #1:
Put the indicator on the chart.
Step #2:
Apply a secondary indicator onto the chart, such as an RSI.
Step #3:
Open the indicator settings and change the source to the RSI
Step #4:
Change the 'Signal Settings' to match when you want a buy, or a sell. For example, if you want to get a buy signal when the RSI crosses above 50, and get a sell when it crosses below 50, set the 'buy value' to 50, and the 'buy type' to greater than, then set the 'sell value' to 50 and the 'sell type' to less than. BOOM! It works :)
Buying Selling Volume v3Bug fixed from v2. Currently adds up values correctly.
Note: To get more accurate readings reduce the time frame. For some reason it isn't counting the last bar and I am not smart enough to figure out why.
Builds on Ceyhun's "Buying Selling Volume" indicator. This version allows users to define periods by effortlessly dragging two points or you may define periods by manually entering the start and end times in the settings window. Once the period is defined, both buying and selling volume will be totaled thus displaying the amount of buys and sells in that period.
I have found the information provided from the script helps in defining a period of consolidation as either being accumulative or distributive.
Buying Selling Volume v2Builds on Ceyhun's "Buying Selling Volume" indicator. This version allows users to define periods by effortlessly dragging two points or you may define periods by manually entering the start and end times in the settings window. Once the period is defined, both buying and selling volume will be totaled thus displaying the amount of buys and sells in that period.
I have found the information provided from the script helps in defining a period of consolidation as either being accumulative or distributive.
Buying/Selling ProxyTiltFolio Buying/Selling Proxy
This simple but effective indicator visualizes short-term buying or selling pressure using log returns over a rolling window.
How It Works:
Calculates the average of logarithmic returns over the past N bars (default: 20).
Positive values suggest sustained buying pressure; negative values indicate selling pressure.
Plotted as a color-coded histogram:
✅ Green = net buying
❌ Red = net selling
Why Use It:
This proxy helps traders gauge directional bias and momentum beneath the surface of price action — especially useful for confirming breakout strength, timing entries, or filtering signals.
- Inspired by academic return normalization, but optimized for practical use.
- Use alongside TiltFolio's Breakout Trend indicator for added context.
Buy/Sell Signals (MACD + RSI) 1HThis is a Pine Script indicator for TradingView that plots Buy/Sell signals based on the combination of MACD and RSI indicators on a 1-hour chart.
Description of the Code:
Indicator Setup:
The script is set to overlay the Buy/Sell signals directly on the price chart (using overlay=true).
The indicator is named "Buy/Sell Signals (MACD + RSI) 1H".
MACD Settings:
The MACD (Moving Average Convergence Divergence) uses standard settings of:
Fast Length: 12
Slow Length: 26
Signal Line Smoothing: 9
The MACD line and the Signal line are calculated using the ta.macd() function.
RSI Settings:
The RSI (Relative Strength Index) is calculated with a 14-period setting using the ta.rsi() function.
Buy/Sell Conditions:
Buy Signal:
Triggered when the MACD line crosses above the Signal line (Golden Cross).
RSI value is below 50.
Sell Signal:
Triggered when the MACD line crosses below the Signal line (Dead Cross).
RSI value is above 50.
Signal Visualization:
Buy Signals:
Green "BUY" labels are plotted below the price bars where the Buy conditions are met.
Sell Signals:
Red "SELL" labels are plotted above the price bars where the Sell conditions are met.
Chart Timeframe:
While the code itself doesn't enforce a specific timeframe, the name indicates that this indicator is intended to be used on a 1-hour chart.
To use it effectively, apply the script on a 1-hour chart in TradingView.
How It Works:
This indicator combines MACD and RSI to generate Buy/Sell signals:
The MACD identifies potential trend changes or momentum shifts (via crossovers).
The RSI ensures that Buy/Sell signals align with broader momentum (e.g., Buy when RSI < 50 to avoid overbought conditions).
When the defined conditions for Buy or Sell are met, visual signals (labels) are plotted on the chart.
How to Use:
Copy the code into the Pine Script editor in TradingView.
Save and apply the script to your 1-hour chart.
Look for:
"BUY" signals (green): Indicating potential upward trends or buying opportunities.
"SELL" signals (red): Indicating potential downward trends or selling opportunities.
This script is simple and focuses purely on providing actionable Buy/Sell signals based on two powerful indicators, making it ideal for traders who prefer a clean chart without clutter. Let me know if you need further customization!
Buy-Sell Volume Bar Gauge [By MUQWISHI]▋ INTRODUCTION :
The Buy-Sell Volume Bar Gauge is developed to provide traders with a detailed analysis of volume in bars using a low timeframe, such as a 1-second interval, to measure the dominance of buy and sell for each bar. By highlighting the balance between buying and selling activities, the Buy-Sell Volume Bar Gauge helps traders identify potential volume momentum of a bar; aimed at being a useful tool for day traders and scalpers.
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▋ OVERVIEW:
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▋ METHODOLOGY:
The concept is based on bars from a lower timeframe within the current chart timeframe bar, where volume is categorized into Up, Down, and Neutral Volume, with each one displayed as a portion of a column plot. Up Volume is recorded when the price experiences a positive change, Down Volume occurs when the price experiences a negative change, and Neutral Volume is observed when the price shows no significant change.
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▋ INDICATOR SETTINGS:
(1) Fetch data from the selected lower timeframe. Note: If the selected timeframe is invalid (higher than chart), the indicator will automatically switch to 1 second.
(2) Price Source.
(3) Treating Neutral Data (Price Source) as
Neutral: In a lower timeframe, when the bar has no change in its price, the volume is counted as Neutral Volume.
Previous Move: In a lower timeframe, when the bar has no change in its price, the volume is counted as the previous change; “Up Volume” if the previous change was positive, and “Down Volume” if the previous change was negative.
Opposite Previous Move: In a lower timeframe, when the bar has no change in its price, the volume is counted as the opposite previous change; “Up Volume” if the previous change was negative, and “Down Volume” if the previous change was positive.
(4) Average Volume Length, it's used for lighting/darkening columns in a plot.
(5) Enable Alert.
(7) Total bought (%) Level.
(8) Total Sold (%) Level.
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▋ COMMENT:
The Buy-Sell Volume Bar Gauge can be taken as confirmation for predicting the next move, but it should not be considered a major factor in making a trading decision.
Buying - Selling StrengthThis script is designed as a TradingView indicator called "Buying Selling Volume". It aims to provide insights into buying and selling pressures in the market, along with the comparison of these pressures against moving averages.
Calculation of Buying and Selling Volumes:
Buying Volume (BV) is calculated based on the difference between the close price and the low price, weighted by the volume traded.
Selling Volume (SV) is calculated based on the difference between the high price and the close price, weighted by the volume traded.
These volumes are normalized to ensure positive values.
Plotting of Buying and Selling Volumes:
The script plots the Buying Volume (green) and Selling Volume (red) on the chart using vertical bars.
Each bar represents the relative strength of buying or selling pressure at a given point in time.
Moving Averages Calculation:
Users can select the type of moving average (SMA, EMA, WMA, or VWMA) and the length of each moving average.
Moving averages are calculated for both buying and selling volumes based on the selected parameters.
Plotting of Moving Averages:
The script plots the selected moving averages for buying (blue) and selling (orange) volumes on the chart.
These moving averages provide smoothed representations of the underlying volume trends.
Bar Color and Background Color:
The script dynamically adjusts the color of the bars and the background based on specific conditions:
If both buying and selling volumes are above their respective moving averages, the bar color is green, indicating a bullish signal.
If both volumes are below their moving averages, the bar color is red, indicating a bearish signal.
If buying volume is above its moving average while selling volume is below its moving average, the bar color is yellow, suggesting mixed market sentiment.
Otherwise, the bar color is gray, indicating a neutral market condition.
Buying/Selling Pressure Cycle (PreCy)No lag estimation of the buying/selling pressure for each candle.
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WHY PreCY?
How much bearish pressure is there behind a group of bullish candles ?
Is this bearish pressure increasing?
When might it overcome the bullish pressure?
Those were my questions when I started this indicator. It lead me through the rabbit hole, where I discovered some secrets about the market. So I pushed deeper, and developped it a lot more, in order to understand what is really happening "behind the scene".
There are now 3 ways to read this indicator. It might look complicated at first, but the reward is to be able to anticipate and understand a lot more.
You can show/hide all the plots in the settings. So you can choose the way you prefer to use it.
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FIRST WAY TO READ PreCy : The SIGNAL line
Go in the settings of PreCy, in "DISPLAY", uncheck "The pivot lines of the SIGNAL" and "The CYCLE areas". Make sure "The SIGNAL line" is checked.
The SIGNAL shows an estimation of the buying/selling pressure of each candle, going from 100 (100% bullish candle) to -100 (100% bearish candle). A doji would be shown close to zero.
Formula: Estimated % of buying pressure - Estimated % of selling pressure
It is a very choppy line in general, but its colors help make sense of it.
When this choppiness alternates between the extremes, then there is not much pressure on each candle, and it's very unpredictable.
When the pressure increases, the SIGNAL's amplitude changes. It "compresses", meaning there is some interest in the market. It can compress by alternating above and below zero, or it can stay above zero (bullish), or below zero (bearish) for a while.
When the SIGNAL becomes linear (in opposition to choppy), there is a lot of pressure, and it is directional. The participants agree for a move in a chosen direction.
The trajectory of the SIGNAL can help anticipate when a move is going to happen (directional increase of pressure), or stop (returning to zero) and possibly reverse (crossing zero).
Advanced uses:
The SIGNAL can make more sense on a specific timeframe, that would be aligned with the frequency of the orders at that moment. So it is a good idea to switch between timeframes until it gets less choppy, and more directional.
It is interesting to follow any regular progression of the SIGNAL, as it can reveal the intentions of the market makers to go in a certain direction discretely. There can be almost no volume and no move in the price action, yet the SIGNAL gets linear and moves away from one extreme, slowly crosses the zeroline, and pushes to the other extreme at the same time as the amplitude of the price action increases drastically.
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SECOND WAY TO READ PreCy : The PIVOTS of the SIGNAL line
Go in the settings of PreCy, in "DISPLAY", and uncheck "The CYCLE areas". Make sure "The SIGNAL line" and "The pivot lines of the SIGNAL" are checked.
The PIVOTS help make sense of the apparent chaos of the SIGNAL. They can reveal the overall direction of the choppy moves.
Especially when the 2 PIVOTS lines are parallel and oriented.
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THIRD WAY TO READ PreCy : The CYCLE
Go in the settings of PreCy, in "DISPLAY", and uncheck "The SIGNAL line" and "The pivot lines of the SIGNAL". Make sure "The CYCLE areas" is checked.
The CYCLE is a Moving Average of the SIGNAL in relation to each candle's size.
Formula: 6 periods Moving Average of the SIGNAL * (body of the current candle / 200 periods Moving Average of the candle's bodies)
The result goes from 200 to -200.
The CYCLE shows longer term indications of the pressures of the market.
Analysing the trajectory of the CYCLE can help predict the direction of the price.
When the CYCLE goes above or below the gray low intensity zone, it signals some interest in the move.
When the CYCLE stays above 100 or below -100, it is a sign of strength in the move.
When it stayed out of the gray low intensity zone, then returns inside it, it is a strong signal of a probable change of behavior.
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ALERTS
In the settings, you can pick the alerts you're interested in.
To activate them, right click on the chart (or alt+a), choose "Add alert on Buying/Selling Pressure Cycle (PreCy)" then "Any alert()", then "Create".
Feel free to activate them on different timeframes. The alerts show which timeframe they are from (ex: "TF:15" for the 15 minutes TF).
I have added a lot more conditions to my PreCy, taken from FREMA Trend, for ex. You can do the same with your favorite scripts, to make PreCy more accurate for your style.
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Borrowed scripts:
To estimate the buying and selling pressures, PreCy uses the wicks calculations of "Volume net histogram" by RafaelZioni
To filter the alerts, PreCy uses the calculations of "Amplitude" by Koholintian:
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DO NOT BASE YOUR TRADING DECISIONS ON 1 SINGLE INDICATOR'S SIGNALS.
Always confirm your ideas by other means, like price action and indicators of a different nature.
Buy/Sell ZonesEN:
This indicator is made to display main buy/sell zones of an asset. The core parameters are: Price, Volume and Donchian Channels.
It is more trend-based and may be suitable for swing traders or those who trade higher timeframes (1D and above).
The plotted colors display the dominance of buyers, sellers or indecision on the market at the current timeframe.
If the zone is green - consider opening Long/Buy positions.
If the zone is red - consider opening Short/Sell or scale out your position.
The white zone displays indecision between Bulls and Bears - consider not to take any trades within white zone.
RU:
Этот индикатор показывает зоны покупателя/продавца выбранного актива. Основные параметры расчета: Цена, Объем и Каналы Дончиана.
Он является индикатором трендового анализа и больше подходит для свинг-трейдеров или тех, кто торгует на старших таймфреймах (от 1Д).
Отображаемые цвета показывают доминацию продавца, покупателя или неопределенность на рынке в конкретный временной период.
Зеленая зона указывает на преобладание покупателя - возможно открытие длинных позиций/покупок .
Красная зона указывает на преобладание продавца - потенциальный момент для открытия коротких позиций/продаж или сокращения своих длинных позиций/покупок .
Белая зона указывает на неопределенность на рынке - в этой зоне лучше не предпринимать никаких торговых решений .
EN: This indicator may be used for Crypto markets
RU: Этот индикатор можно использовать для криптовалютных рынков
BITSTAMP:BTCUSD
BITSTAMP:ETHUSD
COINBASE:COMPUSD
EN: Stocks, CFD and commodities
RU: Акций, CFD и рынков сырьевых товаров
FOREXCOM:SPXUSD
NASDAQ:TSLA
NYSE:BA
NASDAQ:EBAY
FOREXCOM:XAUUSD
EN: Consider using it with respect to Your trading style, money- and risk-management as well as other indicators
RU: Используйте этот индикатор в соответствии со своим стилем торговли, риск-, мани-менеджментом и другими индикаторами.
Buying Selling Volume low lagOriginally written by @ceyhun
I added a low lag filter to key components to smooth the bars. The user can adjust the parameters 'fast' and 'slow' to tune.
capam
The original comments of ceyhun are below repeated:
Buying Selling Volume
-Buy Volume
-Sell Volume
-Buy Volume Percent %
-Sell Volume Percent %
-Volume Index
-Buy Sell Volume-
BuyVolume>SellVolume=Blue barcolor
SellVolume>BuyVolume=Purple barcolor
-Volume Index-
VolumeIndex>length and close > open =Cyan barcolor
VolumeIndex>length and close < open =Gray barcolor
VolumeIndex<=length = Yellow barcolor
BUY SELL Signal based on BB over RSI 14I have applied Bollinger Bands over Relative strength Index ( RSI 14). based on crossovers, i am applying buy or sell. Also, exit indicator for buy/sell position. Please let me know your thoughts on this.
Declaimer: This is completely based on my knowledge and observations only. NOT A TRADING STRATEGY SUGGESTION. Please consider my post as just educational purpose only.
Buy/sell signals & Top/Bottom • IntradayAnyone can trade with the Intraday indicator. Perfect for Day trading, Swing trading and scalping
How does the script work ?
The LONG and SHORT signals are clearly identifiable with colored candlesticks.
Find the potential Top and bottom on any interval.
Add alerts
All time intervals
The intraday script is working on any assets (Forex, Crypto, Indices, Stocks…)
Every new account gets a free 7-day trial.
The indicator is available via subscription and you can enjoy a 7-day free trial . To know more about the indicator and start the trial simply visit the link below.
Buy/Sell Break and RetestThis script is a Pine Script indicator for TradingView titled **"Buy/Sell Break and Retest"**. Here's a description of its functionality:
### Purpose:
The script identifies potential **buy** and **sell entry levels** based on break-and-retest patterns in the market. It works by analyzing higher timeframe data (e.g., 1-hour) and marking entries on a lower timeframe (e.g., 1-minute).
### Key Features:
1. **Configurable Timeframes**:
- `Analysis Timeframe`: Used for identifying break-and-retest signals (default: 1-hour).
- `Entry Timeframe`: Used for marking and plotting entries (default: 1-minute).
2. **Buy and Sell Signals**:
- A **sell entry** is triggered when a bearish candle (close < open) is identified in the analysis timeframe.
- A **buy entry** is triggered when a bullish candle (close > open) is identified in the analysis timeframe.
3. **Retest Logic**:
- For sell signals: The retest is validated when the price breaks below the identified sell level.
- For buy signals: The retest is validated when the price breaks above the identified buy level.
4. **Visual Indicators**:
- Entry levels are marked with labels:
- **Buy Entry**: Green labels are placed at bullish candle opens.
- **Sell Entry**: Red labels are placed at bearish candle closes.
- Plots the levels for easy reference:
- **Sell Level**: Displayed as red circles on the chart.
- **Buy Level**: Displayed as green circles on the chart.
5. **Dynamic Updates**:
- Levels are cleared when invalidated by the price action.
### Use Case:
This indicator helps traders spot break-and-retest opportunities by:
- Allowing higher timeframe analysis to determine trend direction and key levels.
- Providing actionable buy and sell entry points on lower timeframes for precision.
Let me know if you'd like further clarification or improvements!
buy/sell signals with Support/Resistance (InvestYourAsset) 📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price.
📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's price.
📣 The indicator also plots support and resistance levels, which can be used to confirm buy and sell signals. The support and resistance can also be used as a stoploss for existing position.
👉 To use the indicator, simply add it to your trading chart. The indicator will plot three sections:
📈 Price and Signals: This section plots the security's price and the MACD buy and sell signals.
📈 MACD Oscillator: This section plots the MACD oscillator, which is a histogram that shows the difference between the two moving averages.
📈 Moving Averages: This section plots the two moving averages that the MACD oscillator is based on.
📈 Support and Resistance: This section plots support and resistance levels, which are calculated based on the security's recent price action.
👉 To identify buy and sell signals, you can look for the following:
📈 Buy signal: When shorter Moving Average crosses over longer Moving Average.
📈 Sell signal: When shorter moving average crosses under longer moving average.
📈 You can also look for divergences between the MACD oscillator and the security's price. A divergence occurs when the MACD oscillator is moving in one direction, but the security's price is moving in the opposite direction. Divergences can be a sign of a potential trend reversal.
👉 To confirm buy and sell signals, you can look for support and resistance levels take a look at below snapshot. If a buy signal occurs at a support level, it is a stronger signal than if it occurs at a random price level. Similarly, if a sell signal occurs at a resistance level, it is a stronger signal than if it occurs at a random price level.
⚡ Here is a example of how to use the indicator to identify buy signal:
☑ Add the indicator to your trading chart.
☑Look for a buy signal when short MA crosses over Long MA.
☑Look for the buy signal to occur at a support level.
☑Enter a long position at the next candle.
☑Place a stop loss order below the support level.
☑Take profit when the MACD line crosses below the signal line, or when the security reaches a resistance level.
⚡ Here is an example of how to use the indicator to identify a sell signal:
☑Add the indicator to your trading chart.
☑Look for a sell signal, when shorter moving average crosses under longer moving average.
☑Look for the sell signal to occur at a resistance level.
☑Enter a short position at the next candle.
☑Place a stop loss order above the resistance level.
☑Take profit when the MACD line crosses above the signal line, or when the security reaches a support level.
✅Things to consider while using the indicator:
📈Look for buy signals in an uptrend and sell signals in a downtrend. This will increase the likelihood of your trades being successful.
📈Place your stop losses below the previous swing low or support for buy signals and above the previous swing high or resistance for sell signals. This will help to limit your losses if the trade goes against you.
📈Consider taking profits at key resistance and support levels. This will help you to lock in your profits and avoid giving them back to the market.
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