Buy/Sell Rating — Indicator by significantSno70852

directionalmovement detrendedpriceoscillator priceoscillator

Identifies prices above and below input percentile thresholds over the input length of time. Use to identify buy/sell opportunities relative to recent pricing. Also provides percent of price distance from moving average over the same length.

Release Notes:

Added option to allow buy signals above support level.

Release Notes:

Correcting mistake in plot.

Release Notes:

Added option to only show sell signal if source>target percentile over length.

Release Notes:

Changed direction of logic for sell signal below resistance option to align with direction of buy above support option.

Release Notes:

Change overlay default to false.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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