OPEN-SOURCE SCRIPT
Buy Sell Magic Rework
📌 Purpose
This script is a reworked version of the Parabolic SAR strategy, with an optional ZigZag filter to confirm reversal points.
It helps traders identify potential trend reversals with reduced noise compared to the standard SAR.
🧠 How It Works
1. Parabolic SAR Flip Signals
Buy Signal: Triggered when SAR flips from above price to below price.
Sell Signal: Triggered when SAR flips from below price to above price.
(Default SAR parameters: Start = 0.02, Increment = 0.02, Max = 0.2)
2. ZigZag Filter (Optional)
When Use ZigZag Filter = true:
The script confirms reversals only at significant pivots (swing highs/lows) detected by the ZigZag algorithm over the selected ZigZag Period (default = 14 bars).
Buy Signal: Appears only when a new pivot low is detected.
Sell Signal: Appears only when a new pivot high is detected.
3. Trade-Off
Without ZigZag: More signals, more noise.
With ZigZag: Fewer signals, but stronger confirmation and reduced false entries.
📈 How to Use
Signals appear as green arrows for buy and red arrows for sell.
Works well for:
Trend reversal detection.
Swing trading confirmation.
Filtering entries for other systems.
Recommended Timeframes: 15m, 1h, 4h.
Markets: Forex, Crypto, Stocks.
⚙️ Inputs
ZigZag Period (bars for pivot detection)
SAR Start / Increment / Max (SAR parameters)
Use ZigZag Filter (toggle for confirmation)
⚠️ Disclaimer
This script is for educational purposes only. It does not constitute financial advice.
Always test thoroughly before live trading.
This script is a reworked version of the Parabolic SAR strategy, with an optional ZigZag filter to confirm reversal points.
It helps traders identify potential trend reversals with reduced noise compared to the standard SAR.
🧠 How It Works
1. Parabolic SAR Flip Signals
Buy Signal: Triggered when SAR flips from above price to below price.
Sell Signal: Triggered when SAR flips from below price to above price.
(Default SAR parameters: Start = 0.02, Increment = 0.02, Max = 0.2)
2. ZigZag Filter (Optional)
When Use ZigZag Filter = true:
The script confirms reversals only at significant pivots (swing highs/lows) detected by the ZigZag algorithm over the selected ZigZag Period (default = 14 bars).
Buy Signal: Appears only when a new pivot low is detected.
Sell Signal: Appears only when a new pivot high is detected.
3. Trade-Off
Without ZigZag: More signals, more noise.
With ZigZag: Fewer signals, but stronger confirmation and reduced false entries.
📈 How to Use
Signals appear as green arrows for buy and red arrows for sell.
Works well for:
Trend reversal detection.
Swing trading confirmation.
Filtering entries for other systems.
Recommended Timeframes: 15m, 1h, 4h.
Markets: Forex, Crypto, Stocks.
⚙️ Inputs
ZigZag Period (bars for pivot detection)
SAR Start / Increment / Max (SAR parameters)
Use ZigZag Filter (toggle for confirmation)
⚠️ Disclaimer
This script is for educational purposes only. It does not constitute financial advice.
Always test thoroughly before live trading.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.