Penunjuk dan strategi
Customizable EMA & RSI Indicator TGThis is a customisable EMA indicator. Where 5 Ema values can be set by the user along with their own colors.
Also included is an RSI indicator where RSI levels are depicted in different colors depending on the RSI level. Eaxample RSI is depicted in green if it is breaking out above 60. and is depicted as red if it is falling below 60.
Smart Trading Signals with TP/SL//@version=5
indicator("Smart Trading Signals with TP/SL", shorttitle="STS-TP/SL", overlay=true, max_labels_count=500)
// —————— Input Parameters ——————
// Signal Configuration
signalType = input.string("EMA Crossover", "Signal Type", options= )
emaFastLen = input.int(9, "Fast EMA Length", minval=1)
emaSlowLen = input.int(21, "Slow EMA Length", minval=1)
rsiLength = input.int(14, "RSI Length", minval=1)
rsiOverbought = input.int(70, "RSI Overbought", maxval=100)
rsiOversold = input.int(30, "RSI Oversold", minval=0)
// Risk Management Inputs
useFixedTP = input.bool(true, "Use Fixed TP (%)", tooltip="TP as percentage from entry")
tpPercentage = input.float(2.0, "Take Profit %", step=0.1)
tpPoints = input.float(100, "Take Profit Points", step=1.0)
useFixedSL = input.bool(true, "Use Fixed SL (%)", tooltip="SL as percentage from entry")
slPercentage = input.float(1.0, "Stop Loss %", step=0.1)
slPoints = input.float(50, "Stop Loss Points", step=1.0)
// —————— Calculate Indicators ——————
// EMAs for Trend
emaFast = ta.ema(close, emaFastLen)
emaSlow = ta.ema(close, emaSlowLen)
emaBullish = ta.crossover(emaFast, emaSlow)
emaBearish = ta.crossunder(emaFast, emaSlow)
// RSI for Momentum
rsi = ta.rsi(close, rsiLength)
rsiBullish = ta.crossover(rsi, rsiOversold)
rsiBearish = ta.crossunder(rsi, rsiOverbought)
// —————— Generate Signals ——————
buyCondition = (signalType == "EMA Crossover" and emaBullish) or (signalType == "RSI Divergence" and rsiBullish)
sellCondition = (signalType == "EMA Crossover" and emaBearish) or (signalType == "RSI Divergence" and rsiBearish)
// —————— Calculate TP/SL Levels ——————
var float entryPrice = na
var bool inTrade = false
// Calculate TP/SL based on user input
takeProfitPrice = useFixedTP ? entryPrice * (1 + tpPercentage / 100) : entryPrice + tpPoints
stopLossPrice = useFixedSL ? entryPrice * (1 - slPercentage / 100) : entryPrice - slPoints
// —————— Plot Signals and Levels ——————
if buyCondition and not inTrade
entryPrice := close
inTrade := true
label.new(bar_index, low, "BUY", style=label.style_label_up, color=color.green, textcolor=color.white)
line.new(bar_index, entryPrice, bar_index + 1, entryPrice, color=color.green, width=2)
line.new(bar_index, takeProfitPrice, bar_index + 1, takeProfitPrice, color=color.teal, width=2, style=line.style_dashed)
line.new(bar_index, stopLossPrice, bar_index + 1, stopLossPrice, color=color.red, width=2, style=line.style_dashed)
if sellCondition and inTrade
entryPrice := close
inTrade := false
label.new(bar_index, high, "SELL", style=label.style_label_down, color=color.red, textcolor=color.white)
line.new(bar_index, entryPrice, bar_index + 1, entryPrice, color=color.red, width=2)
line.new(bar_index, takeProfitPrice, bar_index + 1, takeProfitPrice, color=color.teal, width=2, style=line.style_dashed)
line.new(bar_index, stopLossPrice, bar_index + 1, stopLossPrice, color=color.red, width=2, style=line.style_dashed)
// —————— Alerts ——————
alertcondition(buyCondition, title="Buy Signal Alert", message="BUY Signal Triggered")
alertcondition(sellCondition, title="Sell Signal Alert", message="SELL Signal Triggered")
// —————— Plot EMAs and RSI ——————
plot(emaFast, "Fast EMA", color.new(color.blue, 0))
plot(emaSlow, "Slow EMA", color.new(color.orange, 0))
Gold Trading Strategy//@version=5
indicator("Gold Trading Strategy", overlay=true)
// Input parameters
shortMA = ta.sma(close, 9)
longMA = ta.sma(close, 21)
rsi = ta.rsi(close, 14)
= ta.bb(close, 20, 2)
// Time filter (IST time range)
timeFilter = (hour >= 12 and hour < 14) or (hour >= 18 and hour < 21)
// Buy condition
buyCondition = ta.crossover(shortMA, longMA) and rsi > 50 and close > bbMiddle and timeFilter
// Sell condition
sellCondition = ta.crossunder(shortMA, longMA) and rsi < 50 and close < bbMiddle and timeFilter
// Plot MAs
plot(shortMA, color=color.blue, title="9 MA")
plot(longMA, color=color.red, title="21 MA")
// Plot Bollinger Bands
plot(bbUpper, color=color.gray, title="BB Upper")
plot(bbMiddle, color=color.gray, title="BB Middle")
plot(bbLower, color=color.gray, title="BB Lower")
// Plot Buy & Sell signals
plotshape(series=buyCondition, location=location.belowbar, color=color.green, style=shape.labelup, size=size.large, title="Buy Signal")
plotshape(series=sellCondition, location=location.abovebar, color=color.red, style=shape.labeldown, size=size.large, title="Sell Signal")
// Plot Entry & Exit Markers
plotshape(series=buyCondition, location=location.belowbar, color=color.blue, style=shape.triangleup, size=size.large, title="Entry")
plotshape(series=sellCondition, location=location.abovebar, color=color.orange, style=shape.triangledown, size=size.large, title="Exit")
// Add text labels for entry and exit points
var float labelOffset = ta.atr(14) // Offset labels for better visibility
if buyCondition
label.new(x=time, y=low - labelOffset, text="Entry", color=color.blue, textcolor=color.white, size=size.large, style=label.style_label_down)
if sellCondition
label.new(x=time, y=high + labelOffset, text="Exit", color=color.orange, textcolor=color.white, size=size.large, style=label.style_label_up)
TFEX Futures Strategy with Volume Profile//@version=5
strategy("TFEX Futures Strategy with Volume Profile", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=10)
// กำหนดพารามิเตอร์
fastLength = input.int(9, title="Fast MA Length")
slowLength = input.int(21, title="Slow MA Length")
rsiLength = input.int(14, title="RSI Length")
overbought = input.float(70, title="Overbought Level")
oversold = input.float(30, title="Oversold Level")
vpLength = input.int(20, title="Volume Profile Length") // ความยาวของ Volume Profile
// คำนวณ Moving Averages
fastMA = ta.sma(close, fastLength)
slowMA = ta.sma(close, slowLength)
// คำนวณ RSI
rsi = ta.rsi(close, rsiLength)
// สัญญาณ Moving Average Crossover
maCrossover = ta.crossover(fastMA, slowMA) // Fast MA ข้าม Slow MA ขึ้น (สัญญาณ Buy)
maCrossunder = ta.crossunder(fastMA, slowMA) // Fast MA ข้าม Slow MA ลง (สัญญาณ Sell)
// สัญญาณ RSI
rsiBuySignal = rsi < oversold // RSI ต่ำกว่า Oversold (สัญญาณ Buy)
rsiSellSignal = rsi > overbought // RSI สูงกว่า Overbought (สัญญาณ Sell)
// Volume Profile
var float vpHigh = na
var float vpLow = na
if bar_index == last_bar_index - vpLength
vpHigh = ta.highest(high, vpLength)
vpLow = ta.lowest(low, vpLength)
// แสดง Volume Profile Zone
bgcolor(bar_index >= last_bar_index - vpLength ? color.new(color.blue, 90) : na, title="Volume Profile Zone")
// เงื่อนไขการเทรดด้วย Volume Profile
volumeProfileFilter = close > vpLow and close < vpHigh // ราคาปิดอยู่ในโซน Volume Profile
// เงื่อนไขการเทรด
if (maCrossover and rsiBuySignal and volumeProfileFilter)
strategy.entry("Buy", strategy.long)
label.new(bar_index, low, text="Buy", style=label.style_label_up, color=color.green, textcolor=color.white, size=size.small)
if (maCrossunder and rsiSellSignal and volumeProfileFilter)
strategy.entry("Sell", strategy.short)
label.new(bar_index, high, text="Sell", style=label.style_label_down, color=color.red, textcolor=color.white, size=size.small)
// แสดง Moving Averages บนกราฟ
plot(fastMA, title="Fast MA", color=color.blue, linewidth=2)
plot(slowMA, title="Slow MA", color=color.red, linewidth=2)
// แสดง RSI บนกราฟ
hline(overbought, "Overbought", color=color.red)
hline(oversold, "Oversold", color=color.green)
plot(rsi, title="RSI", color=color.purple, linewidth=2)
Price Ratio of Two StocksFormula that plots the price ratio between two stocks.
Price ratio defined as: Price of stock 1/Price of stock 2
If the ratio increases, it means stock 1 is becoming more expensive relative to stock 2, and vice versa.
AI-✘✔ Многоуровневый VWAP – рассчитывает VWAP для разных временных периодов (день, неделя,
✔ Полосы отклонения (Bands) – вычисляет верхнюю и нижнюю границы VWAP.
✔ Анализ сессий (Tokyo, London, New York) – определяет активные торговые сессии и строит коробки на графике.
✔ Таблица информации – отображает время начала и окончания каждой сессии.
✔ Объемный профиль (Volume Profile) – анализирует распределение объема по уровням цены.
✔ Исторические уровни VWAP – строит прошлые уровни VWAP для анализа поведения цены.
✔ Кастомизация – множество параметров для тонкой настройки.
Multi-Timeframe Buy SignalThis indicator aims to provide the safest entry in a bull market ensuring that multiple bullish criteria are met on daily, 4 hourly, 30 minute and 5 minute timeframes before triggering. Intended use, though not essential, in conjunction with Elliot Waves forcasting of price action
Inverika Direct - CRSI-basedThis generates Buy Sell signals based on CRSI.
Buy when CRSI crosses above 60.
Sell when CRSI crosses below 40.
Good for scalping. I use it in 1 min, 5 min and 15 min TF.
This is for personal use. One should be cautious using this indicator.
Indicador XAU/USD - Compras e VendasSegundo Indicador feito por Aneilton para analise do XAUUSD quando estiver em tendência de Baixa
Эффективный вход в сделкиЭтот индикатор предназначен для помощи трейдерам в поиске оптимальных точек входа в сделки на основе комбинации технических индикаторов. Он объединяет в себе трендовые индикаторы, осцилляторы и уровни волатильности для генерации сигналов.
Основные компоненты:
1. Трендовые индикаторы:
-Быстрая скользящая средняя (SMA 9) и медленная скользящая средняя (SMA 21) для определения направления тренда.
-Сигналы на покупку/продажу генерируются при пересечении быстрой и медленной скользящих средних.
2. Осцилляторы:
-RSI (Relative Strength Index) с уровнями 30 (перепроданность) и 70 (перекупленность) для фильтрации сигналов.
-MACD (Moving Average Convergence Divergence) для подтверждения моментума.
3. Управление рисками:
-ATR (Average True Range) используется для расчета стоп-босса и тейк-профита.
-Стоп-лосс устанавливается на уровне 2х ATR, а тейк-профит - на уровне 3х ATR.
4. Сигналы:
-Сигналы на покупку (BUY) отображаются при пересечении быстрой SMA и выше медленной SMA и RSI ниже 30 (перепроданность).
-Сигналы на продажу (SELL) отображаются при пересечении быстрой SMA ниже медленной SMА и RSI выше 70 (перекупленность).
Как использовать:
1. Добавьте индикатор на график.
2. Настройте параметры (периоды скользящих средних, уровни RSI и ATR) под ваш стиль торговли.
3. Обращайте внимание на сигналы BUY/SELL, которые отображаются на графике.
4. Используйте уровни стоп-босса и тейк-профита для управления рисками.
Рекомендации:
-Индикатор лучше всего работает на таймфрейма от Н1 и выше.
-Рекомендуется использовать его в сочетании с фундаментальным анализом и другими инструментами.
-Тестируйте индикатор на исторических данных перед использованием в реальной торговле.
Параметры:
-Период быстрой SMA : 9
-Период медленной SMA: 21
-Период RSI: 14
-Уровни RSI: 30 (перепроданность), 70 (перекупленность).
-Период ATR: 14
-Множитель стоп-лосса: 2
-Множитель Лейк-профита: 3
Gold Trade Setup Strategy BrokerirProfitable Gold Setup Strategy with Adaptive Moving Average & Supertrend – Brokerir’s Exclusive Strategy
Introduction:
This Gold (XAU/USD) trading strategy, developed by Brokerir, leverages the power of the Adaptive Moving Average (AMA) and Supertrend indicators to identify high-probability trade setups. This approach is designed to work seamlessly for both swing traders and intraday traders, optimizing trading times for maximum precision and profitability. The AMA helps in recognizing the prevailing market trend, while the Supertrend indicator confirms the best entry and exit points. This strategy is fine-tuned for Gold’s price movements, providing clear guidance for disciplined and profitable trading.
Strategy Components:
Adaptive Moving Average (AMA):
Responsive to Market Conditions: The AMA adjusts to market volatility, making it an ideal trend-following tool.
Trend Indicator: It acts as the primary tool for identifying the overall trend direction, reducing noise in volatile markets.
Supertrend:
Signal Confirmation: The Supertrend indicator provides reliable buy and sell signals by confirming the trend direction indicated by the AMA.
Trailing Stop-Loss: It also acts as a trailing stop-loss, helping to protect profits by dynamically adjusting as the market moves in your favor.
Trading Rules:
Trading Hours:
Trades should only be taken between 8:30 AM and 10:30 PM IST, avoiding low-volume periods to reduce market noise and increase the probability of successful setups.
Buy Setup:
Trend Confirmation: Ensure the Adaptive Moving Average (AMA) is green, confirming an uptrend.
Signal Confirmation: Wait for the Supertrend to turn green, confirming the continuation of the uptrend.
Trigger: Enter the trade when the high of the trigger candle (the candle that turned the Supertrend green) is broken.
Sell Setup (Optional):
If seeking short trades, reverse the rules:
The AMA and Supertrend should both be red, confirming a downtrend.
Enter the trade when the low of the trigger candle (the candle that turned the Supertrend red) is broken.
Stop-Loss and Targets:
Stop-Loss Placement: Set the stop-loss at the low of the trigger candle for long trades.
Risk-Reward Ratio: Aim for a 1:2 risk-reward ratio or use the Supertrend line as a trailing stop-loss, adjusting the stop-loss as the market moves in your favor.
Timeframes:
Swing Trading: Best suited for 1-hour (1H), 4-hour (4H), or Daily charts to capture larger price moves.
Intraday Trading: For more precise, quick setups, use 15-minute (15M) or 30-minute (30M) charts.
Why This Strategy Works:
Combination of Indicators: The strategy combines trend-following (AMA) with momentum-based entries (Supertrend), allowing you to enter trades at the optimal points in the market.
Filtered Trading Hours: Focusing on specific trading hours (8:30 AM to 10:30 PM IST) helps to filter out low-probability setups, reducing noise.
Clear Entry, Stop-Loss, and Target: Precise entry points, stop-loss placement, and targets ensure disciplined and calculated risk-taking.
Conclusion:
This Brokerir Gold Setup Strategy is tailored for traders who are seeking a structured and effective approach to trading Gold. By combining the power of AMA and Supertrend, traders can make informed, high-probability trades. Adhering to the specified trading hours, along with strict rules for entry, stop-loss, and profit targets, helps ensure consistent results. Remember to backtest the strategy and adjust based on market conditions. Let’s master the Gold market and maximize profits together!
⚡ Stay tuned with Brokerir for more advanced trading strategies and tips!
SAHIL SAXENA 1Sure! To add the buy and sell signals explicitly in the script, we will ensure that the strategy generates a clear "Buy" or "Sell" signal based on the conditions provided. Here's the updated Pine Script that includes the **buy** and **sell** signals along with visual plots.
### Updated Code with Buy/Sell Signal:
```pinescript
//@version=5
indicator("VWAP Scalping Strategy (3m) with Signals", overlay=true)
// Input parameters
vwapLength = input.int(1, title="VWAP Length", minval=1)
smaLength = input.int(9, title="SMA Length for Trend Filter", minval=1)
rsiLength = input.int(14, title="RSI Length", minval=1)
rsiOverbought = input.int(70, title="RSI Overbought Level")
rsiOversold = input.int(30, title="RSI Oversold Level")
stopLossPerc = input.float(0.2, title="Stop Loss (%)", minval=0.1, step=0.1)
takeProfitPerc = input.float(0.4, title="Take Profit (%)", minval=0.1, step=0.1)
// VWAP Calculation
vwap = ta.vwap(close)
// Simple Moving Average (SMA) for trend filtering
sma = ta.sma(close, smaLength)
// RSI Calculation
rsi = ta.rsi(close, rsiLength)
// Volume confirmation (optional, but can help with validating signals)
volumeSpike = volume > ta.sma(volume, 20) * 1.5
// Buy and Sell conditions
buySignal = ta.crossover(close, vwap) and close > sma and rsi < rsiOversold and volumeSpike
sellSignal = ta.crossunder(close, vwap) and close < sma and rsi > rsiOverbought and volumeSpike
// Plot VWAP and SMA
plot(vwap, color=color.blue, linewidth=2, title="VWAP")
plot(sma, color=color.orange, linewidth=2, title="SMA (Trend Filter)")
// Plot Buy and Sell signals
plotshape(series=buySignal, location=location.belowbar, color=color.green, style=shape.labelup, title="Buy Signal", text="BUY")
plotshape(series=sellSignal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sell Signal", text="SELL")
// Take Profit and Stop Loss Logic (for scalping)
var float buyPrice = na
var float stopLoss = na
var float takeProfit = na
if (buySignal)
buyPrice := close
stopLoss := buyPrice * (1 - stopLossPerc / 100)
takeProfit := buyPrice * (1 + takeProfitPerc / 100)
if (sellSignal)
buyPrice := na
stopLoss := na
takeProfit := na
// Exit conditions based on stop-loss and take-profit
longExit = (not na(buyPrice) and (close <= stopLoss or close >= takeProfit))
shortExit = (not na(buyPrice) and (close >= stopLoss or close <= takeProfit))
// Plot stop-loss and take-profit levels for reference
plot(series=longExit ? na : stopLoss, color=color.red, linewidth=1, style=plot.style_linebr)
plot(series=longExit ? na : takeProfit, color=color.green, linewidth=1, style=plot.style_linebr)
// Alert conditions for Buy and Sell signals
alertcondition(buySignal, title="Buy Signal", message="Price has crossed above VWAP, confirmed with RSI and volume spike.")
alertcondition(sellSignal, title="Sell Signal", message="Price has crossed below VWAP, confirmed with RSI and volume spike.")
```
### Breakdown of Changes:
1. **Buy and Sell Signal Logic**:
- **Buy Signal**: This occurs when:
- The price crosses above the VWAP (`ta.crossover(close, vwap)`),
- The price is above the 9-period SMA (`close > sma`), confirming the bullish trend,
- The RSI is below 30 (oversold condition), suggesting a potential reversal or a bounce,
- There’s a volume spike, confirming stronger participation.
- **Sell Signal**: This occurs when:
- The price crosses below the VWAP (`ta.crossunder(close, vwap)`),
- The price is below the 9-period SMA (`close < sma`), confirming the bearish trend,
- The RSI is above 70 (overbought condition), suggesting a potential reversal or pullback,
- There’s a volume spike, confirming stronger participation.
2. **Buy and Sell Signal Plots**:
- Green labels (`plotshape(series=buySignal, ...)`) are plotted below the bars to indicate **Buy** signals.
- Red labels (`plotshape(series=sellSignal, ...)`) are plotted above the bars to indicate **Sell** signals.
3. **Stop Loss and Take Profit**:
- For each **Buy Signal**, the script calculates the stop loss and take profit levels based on user-defined percentage inputs (0.2% for stop loss and 0.4% for take profit).
- It also visually plots these levels on the chart so you can monitor the exit points.
4. **Alert Conditions**:
- Custom alerts are included with `alertcondition()` so that you can be notified when a **Buy Signal** or **Sell Signal** occurs.
### How It Works:
- The strategy is designed for **scalping** on the **3-minute** chart. The signals are designed to capture small price movements.
- **Buy Signal**: Occurs when the price crosses above the VWAP, the price is above the trend filter (SMA), the RSI is in oversold territory, and there is a volume spike.
- **Sell Signal**: Occurs when the price crosses below the VWAP, the price is below the trend filter (SMA), the RSI is in overbought territory, and there is a volume spike.
- The script also includes **stop-loss** and **take-profit** levels to protect against larger losses and secure profits.
### Usage:
- Apply the strategy on a 3-minute chart for quick scalping trades.
- The **buy** and **sell** signals are marked with **green** and **red** labels on the chart, respectively.
- **Stop Loss** and **Take Profit** levels are calculated dynamically for each trade and plotted on the chart.
- You can enable **alerts** to notify you whenever a buy or sell signal is triggered.
### Final Note:
Make sure to backtest the strategy on historical data and fine-tune the parameters (e.g., stop loss, take profit, RSI, etc.) according to the market conditions and your risk tolerance. Scalping requires precision and careful risk management, so it’s important to adapt the strategy for your specific needs.
erfan1rahmati...EMA/ADX1for backtest. this indicator is design for price prediction and anaysis and when the trend is red, two lines are drawn in color and when is is green ....other data can be changed and customized
YCLK Al-Sat İndikatörüRSI Period (RSI Periyodu): Adjustable RSI period (default is 14).
Overbought Level (RSI Aşırı Alım): Sets the RSI threshold for overbought conditions (default is 70).
Oversold Level (RSI Aşırı Satım): Sets the RSI threshold for oversold conditions (default is 30).
Take Profit Ratio (Kâr Alma Oranı): Percentage ratio for take-profit levels (default is 1.05 or 5% profit).
Stop Loss Ratio (Zarar Durdurma Oranı): Percentage ratio for stop-loss levels (default is 0.95 or 5% loss).
RSI Calculation: The script calculates the Relative Strength Index (RSI) using the defined period.
Buy Signal: Generated when RSI crosses above the oversold level.
Sell Signal: Generated when RSI crosses below the overbought level.
Buy/Sell Signal Visualization:
Buy Signal: Green upward arrow labeled as "BUY".
Sell Signal: Red downward arrow labeled as "SELL".
Dynamic Take Profit and Stop Loss Levels:
Entry Price: Tracks the price at which a Buy signal occurs.
Take Profit (TP): Automatically calculated as Entry Price * Take Profit Ratio.
Stop Loss (SL): Automatically calculated as Entry Price * Stop Loss Ratio.
These levels are plotted on the chart with:
Blue circles for TP levels.
Red circles for SL levels.
Fibonacci Targets: The script also calculates Fibonacci levels based on the entry price:
Fibonacci 1.236 Level: Shown in purple.
Fibonacci 1.618 Level: Shown in orange.
Additional Visual Details:
Displays the current RSI value at each bar as a yellow label above the chart.
How to Use:
Apply the indicator to your TradingView chart.
Adjust the input parameters (RSI period, overbought/oversold levels, profit/loss ratios) based on your strategy.
Use the Buy and Sell signals to identify potential trade entries.
Use the TP and SL levels to manage risk and lock in profits.
Refer to the Fibonacci levels for extended profit targets.
Scorpion [SCPteam]this is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for testthis is for test
Litecoin LTC Logarithmic Fibonacci Growth CurvesHOW THIS SCRIPT IS ORIGINAL: there is no similar script dedicated to LTC, although there are similar ones dedicated to BTC. (This was created by modifying an old public and open source similar script dedicated to BTC.)
WHAT THIS SCRIPT DOES: draws a channel containing the price of LTC within which the Fibonacci extensions are highlighted. The reference chart to use is LTC/USD on Bitfinex (because it has the oldest data, given that Tradingview has not yet created an LTC index), suggested with weekly or monthly timeframe.
HOW IT DOES IT: starting from two basic curves that average the upper and lower peaks of the price, the relative Fibonacci extensions are then built on the basis of these: 0.9098, 0.8541, 0.7639, 0.618, 0.5, 0.382, 0.2361, 0.1459, 0.0902.
HOW TO USE IT: after activating the script you will notice the presence of two areas of particular interest, the upper area, delimited in red, which follows the upper peaks of the price, and the lower area, delimited in green, which follows the lower peaks of the price. Furthermore, the main curves, namely the two extremes and the median, are also projected into the future to predict an indicative trend. This script is therefore useful for understanding where the price will go in the future and can be useful for understanding when to buy (near the green lines) or when to sell (near the red lines). It is also possible to configure the script by choosing the colors and types of lines, as well as the main parameters to define the upper and lower curve, from which the script deduces all the other lines that are in the middle.
Very easy to read and interpret. I hope this description is sufficient, but it is certainly easier to use it than to describe it.
Easy Profit SR Buy Sell By DSW This script, titled "Easy Profit 500-1000 Buy Sell By DSW with Support and Resistance," is designed for use in TradingView and provides a simple yet effective trading strategy. The indicator uses moving averages to generate buy and sell signals based on crossovers between a fast (9-period) and slow (21-period) simple moving average (SMA). When the fast MA crosses above the slow MA, a buy signal is triggered, and when the fast MA crosses below the slow MA, a sell signal is generated. Additionally, the script integrates the Relative Strength Index (RSI) for confirmation, using an overbought level of 70 and an oversold level of 30 to further refine the buy and sell signals. Enhanced buy and sell signals are plotted when the crossover conditions align with the RSI confirmation, providing clearer entry and exit points. The script also includes dynamic support and resistance levels based on the highest high and lowest low over a customizable lookback period, helping traders identify key price levels. The resistance and support lines are plotted directly on the chart, with the resistance level marked in red and the support level in green. An optional shaded area between support and resistance can also be displayed to visually highlight potential trading ranges.
