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INVITE-ONLY SCRIPT

Looney's Forex Buy Signals

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I created this Forex buy signal indicator to save myself some time when looking for buy opportunities. The signals are generated from a combination of several indicators such as the RSI, MACD, Wave Oscillator etc. I spent alot of time tweaking all the values to give me reliable signals. I trade one hour candles and generally get 50+ pips per signal.

If price goes down after the first signal and I get another signal, I buy again which means I get a average buy price (dollar cost average) and then sell when it reaches my profit level.

Alerts are built-in as well. The indicator does repaint at the moment so set the alert to "on candle close" to ensure that you get a valid signal. Longer timeframes works better and as mentioned I use 1 hour candle.

I will release the back-test of this indicator shortly where you can then enter your capital amount and set profit & stop loss levels to see how you would have performed based on historical data.

The current version is free and I will grant access on request.

Comments & suggestions welcome.

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact looneytrader directly.

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Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.

looneytrader
buysignalCentered OscillatorsentrysignalforexsignalsforextradingOscillators

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
buysignalCentered OscillatorsentrysignalforexsignalsforextradingOscillators

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact looneytrader directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.

looneytrader

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.