OPEN-SOURCE SCRIPT
ALGOX V6
Best Buy Sell Indicator..............
The buy-sell indicator on TradingView helps traders identify trends and make trading decisions:
Trend direction
The indicator uses a combination of volatility and SMA to determine the trend's strength and direction. Channels are color-coded to indicate the trend: green for uptrend and orange for downtrend.
Buy and sell signals
The indicator generates buy signals when bullish conditions align with oversold RSI levels, and sell signals when bearish conditions align with overbought RSI levels.
Exit signals
The indicator provides optional exit points for long and short positions.
The buy-sell indicator on TradingView helps traders identify trends and make trading decisions:
Trend direction
The indicator uses a combination of volatility and SMA to determine the trend's strength and direction. Channels are color-coded to indicate the trend: green for uptrend and orange for downtrend.
Buy and sell signals
The indicator generates buy signals when bullish conditions align with oversold RSI levels, and sell signals when bearish conditions align with overbought RSI levels.
Exit signals
The indicator provides optional exit points for long and short positions.
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.
Want to use this script on a chart?
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.