The Magic Buy and Sell Signals Indicator

לפני 15 שעות

Buy and Sell Signals

This script provides buy and sell signals based on a dynamically adjusted volatility filter, using a smoothed range calculated through exponential moving averages (EMA). The indicator is designed to identify trend shifts based on the direction and strength of price movement.
Key Features:

Dynamic Filter:
The volatility filter adapts to market dynamics, minimizing noise and capturing significant price moves.
It uses a configurable sampling period and a multiplier to adjust sensitivity.

Buy and Sell Signals:
Generates signals when the price crosses the filter and confirms a trend shift.
The logic differentiates between trend reversals and continuations.

Ready-to-Use Alerts:
Configurable alerts to ensure traders never miss critical opportunities.

Customization:
Indicator parameters can be adjusted to fit different assets and timeframes.

How It Works:

The dynamic filter smooths price variations based on recent volatility.
Buy signals are generated when the price crosses above the filter and confirms an uptrend.
Sell signals occur similarly during downtrends.

Applications:

Identification of entry and exit points in volatile markets.
Suitable for trend-following or reversal-based strategies.

Usage Instructions:

Add the script to your chart.
Adjust the parameters to match your asset and timeframe.
Activate alerts to receive automatic buy/sell notifications.