PROTECTED SOURCE SCRIPT
Updated RED: Buy, Sell & Targets
RED: Buy, Sell & Targets
What it is
- Buy & Sell Alerts — a multi-factor scoring engine that highlights potential reversal/exhaustion areas for both longs and shorts.
- Buy & Price Target — a bottom-finder that proposes the nearest meaningful upside target and tracks hits.
Both modules can be toggled independently in the settings; they’re enabled by default.
How to read the chart
1) Buy/Sell panel (scored signals)
- Each bar receives a Buy score and a Sell score from 0 to 10.
- When the score passes the adaptive threshold, you’ll see:
A transparent label (hover to see a checklist tooltip).
If the score is very high, a colored badge with the number appears near the bar.
- Color intensity ≈ conviction (deeper green/red = stronger confluence).
- Small dots mark qualified signals with scores below the “very high” tier.
Score interpretation (rule of thumb)
- 7+: Valid setup (moderate confluence).
- 8+: Stronger confluence.
- 9–10: High-conviction / rare events.
The minimum score to confirm a signal adapts to the timeframe; higher timeframes naturally demand comparable or slightly lower scores.
Note: On symbols without usable volume, you’ll see a top-right warning and the maximum possible score becomes 9.
2) Buy & Target panel (entries + exits)
- When a qualified bottom is detected and the nearest overhead structure offers enough room, a BUY label shows:
💰 Entry (close of the signal bar)
🎯 Target (nearest pivot-based objective above price)
- When price tags the target later, the script prints a 🎯 exit marker above that bar.
- A live stats table (top-right) summarizes Buys, Wins, Open trades, Win rate, Net P&L % for these target plays.
Alerts
This indicator ships with multiple alert conditions, including:
- Buy/Sell score tiers (e.g., “BUY ≥ 9”, “SELL ≥ 9”)
- Target module (“🎯 BUY (target ≥3%)”, “🎯 Target reached”)
Important: The checkboxes in settings only authorize alerts to fire; you still need to create alerts in TradingView and choose the desired condition.
Practical tips
- Prefer bar close for decisions and alerts to reduce noise.
- Cross-check signals across multiple timeframes (e.g., daily with intraday).
- Use the score as a confidence meter, not as an all-in trigger; combine with your risk management.
What it is
- Buy & Sell Alerts — a multi-factor scoring engine that highlights potential reversal/exhaustion areas for both longs and shorts.
- Buy & Price Target — a bottom-finder that proposes the nearest meaningful upside target and tracks hits.
Both modules can be toggled independently in the settings; they’re enabled by default.
How to read the chart
1) Buy/Sell panel (scored signals)
- Each bar receives a Buy score and a Sell score from 0 to 10.
- When the score passes the adaptive threshold, you’ll see:
A transparent label (hover to see a checklist tooltip).
If the score is very high, a colored badge with the number appears near the bar.
- Color intensity ≈ conviction (deeper green/red = stronger confluence).
- Small dots mark qualified signals with scores below the “very high” tier.
Score interpretation (rule of thumb)
- 7+: Valid setup (moderate confluence).
- 8+: Stronger confluence.
- 9–10: High-conviction / rare events.
The minimum score to confirm a signal adapts to the timeframe; higher timeframes naturally demand comparable or slightly lower scores.
Note: On symbols without usable volume, you’ll see a top-right warning and the maximum possible score becomes 9.
2) Buy & Target panel (entries + exits)
- When a qualified bottom is detected and the nearest overhead structure offers enough room, a BUY label shows:
💰 Entry (close of the signal bar)
🎯 Target (nearest pivot-based objective above price)
- When price tags the target later, the script prints a 🎯 exit marker above that bar.
- A live stats table (top-right) summarizes Buys, Wins, Open trades, Win rate, Net P&L % for these target plays.
Alerts
This indicator ships with multiple alert conditions, including:
- Buy/Sell score tiers (e.g., “BUY ≥ 9”, “SELL ≥ 9”)
- Target module (“🎯 BUY (target ≥3%)”, “🎯 Target reached”)
Important: The checkboxes in settings only authorize alerts to fire; you still need to create alerts in TradingView and choose the desired condition.
Practical tips
- Prefer bar close for decisions and alerts to reduce noise.
- Cross-check signals across multiple timeframes (e.g., daily with intraday).
- Use the score as a confidence meter, not as an all-in trigger; combine with your risk management.
Release Notes
UpdateRelease Notes
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UpdateProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.