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OPEN-SOURCE SCRIPT

Simple Buy Sell Signals

By TradingTail
Updated
It is a simple indicator that provides buy or sell signals based on the intersection of two EMAs and a simple moving average (SMA). once the Relative Strength Index has confirmed it. For greater accuracy, add additional indicators like stochastic RSI, MACD, etc. Use only for intraday trading, Not for Positional Trading
Release Notes
  • Minor Bug Fixed
Release Notes
How You to go with Signals:
Whenever signal appears on chart mark high / low respective the signal i.e. Long for High and Short for Sell. Never hurry to take trade
  • Some minor changes
Release Notes
Some minor changes please use additional indicator for better accuracy
Release Notes
Customize RSI from Setting Panel
Release Notes
Minor Bug Fixed
Release Notes
Lines Removed
Release Notes
If a long signal appears on the chart, wait for the candle to close above the line marked with the stop loss candle's low. If a sell signal appears, do the opposite.
Release Notes
Simple SR cloud help you to understand the market trend , it is just Smoothen Moving average Helps you too identify right trend
Release Notes
Settings changed
Release Notes
Stoploss / Trailing Stoploss added
SR cloud replaced with simple moving average period of 50
Release Notes
New Buy Sell Signals with the help of Relative strength index.
Strategy :
When the RSI is above 60 in day TF then the indicator generates a long signal in 15 min, the entry will be the bar high and sl will be the bar low, minimum target will be 1:2 Risk to reward ratio, vice versa for the short side.

Please back test before entering into the trade.

Hope you like this , if any query please write down i will try my best to resolve it.
Release Notes
Minor Bug Fixed**
Release Notes
Minor Changes in RSI Signals
Release Notes
Minor bug fixed with StopLoss line
Release Notes
Minor changes
Release Notes
Minor bug fixed
Release Notes
Customized Moving average period from setting
Use Indicator in 15 Min timeframe for Intraday for better Profits
beginnerbuysellindicatorbuysellsignalbuysellstrategyMoving AveragesmovingaveragecrossoveroptionsRelative Strength Index (RSI)sellsignal

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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