Buy Sell Magic Rework

A version of the legendary Forex indicator Buy Sell Magic for TradingView, with optional additional filtering in the settings.
A simple yet very effective trend-following tool — I personally used it for trading gold 14 years ago, and it still works great today!

How it works:
This script combines the classic Parabolic SAR trend indicator with an optional ZigZag filter for additional signal confirmation.

Parabolic SAR:
The indicator plots the Parabolic SAR on the chart to help identify trend direction and potential reversals. A buy signal is generated when the SAR flips from above the price to below it, signaling a possible uptrend. A sell signal appears when the SAR moves from below to above the price, indicating a potential downtrend.

ZigZag Filter (optional):
The ZigZag filter uses pivot highs and lows to reduce market noise and confirm significant swings. When enabled, a signal is shown only after a clear pivot forms in the chosen period.

Inputs:

ZigZag Period: Controls pivot sensitivity.

SAR Start, Increment, Max: Adjust how responsive the SAR is.

Use ZigZag Filter: Enable or disable additional filtering.

Plots:

Gray crosses = Parabolic SAR points

Green arrows = Buy signals

Red arrows = Sell signals

Best Use:
This tool works well on various markets: Forex, crypto, stocks. It is best suited for trend-following or swing trading strategies. Adjust the settings for your preferred asset and timeframe, and always backtest before live trading.

⚠️ Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always test any strategy thoroughly and trade at your own risk.