OPEN-SOURCE SCRIPT
Stockguru Intraday Indicator
Advanced Buy & Sell Indicator with Pivot Lines & Labels Uses RSI, Volume MACD and pivot lines ✅ Buy (Green) & Sell (Red) Labels based on trend conditions
✅ Pivot Lines connecting highs and lows dynamically
✅ RSI & MACD for confirmation to filter noise
✅ Volume Spike Detection to avoid false signals
How This Works
Buy Signal (Green Label)
RSI crosses above 40 (momentum shifting bullish)
MACD crosses above signal line (trend reversal confirmation)
Price is above short & long moving averages (strong trend)
Volume spike filters weak signals
Sell Signal (Red Label)
RSI crosses below 60 (momentum shifting bearish)
MACD crosses below signal line (downtrend confirmation)
Price is below moving averages (trend weakness)
Volume spike confirms selling pressure
Pivot Lines
Blue Dashed Lines connect previous highs.
Orange Dashed Lines connect previous lows.
Helps identify support & resistance levels.
Trend Background Color
Green when a buy signal appears.
Red when a sell signal appears.
✅ Pivot Lines connecting highs and lows dynamically
✅ RSI & MACD for confirmation to filter noise
✅ Volume Spike Detection to avoid false signals
How This Works
Buy Signal (Green Label)
RSI crosses above 40 (momentum shifting bullish)
MACD crosses above signal line (trend reversal confirmation)
Price is above short & long moving averages (strong trend)
Volume spike filters weak signals
Sell Signal (Red Label)
RSI crosses below 60 (momentum shifting bearish)
MACD crosses below signal line (downtrend confirmation)
Price is below moving averages (trend weakness)
Volume spike confirms selling pressure
Pivot Lines
Blue Dashed Lines connect previous highs.
Orange Dashed Lines connect previous lows.
Helps identify support & resistance levels.
Trend Background Color
Green when a buy signal appears.
Red when a sell signal appears.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.