BADSHAHI TRADING

TradingView indicator that posts buy and sell signals along with support and resistance levels, you need to develop a Pine Script that identifies key support and resistance levels and then displays buy and sell signals based on certain conditions. Here's a breakdown of how to approach this:

1. Support and Resistance Basics
Support and resistance are critical concepts in technical analysis:

Support: This is a price level where an asset tends to find buying interest, preventing the price from dropping further.

Resistance: This is a price level where selling pressure tends to increase, preventing the price from rising further.

To detect support and resistance, we typically use methods like pivot points, recent swing highs/lows, or price levels that have repeatedly reversed direction in the past.

2. Buy and Sell Signals

Buy and sell signals are often generated based on certain criteria like:

Price crossing above or below a moving average

Candlestick patterns (like Doji, engulfing)
Breakouts from support/resistance levels
In this example, we’ll consider a simple strategy where:
Buy signal is generated when the price breaks above resistance.
Sell signal is generated when the price breaks below support.

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Warning:
• While this indicator aids in decision-making and risk management, no indicator is 100% accurate.
• Always consider broader market conditions and apply sound risk management techniques.