TradingView buy sell Indicator Reddit

Stochastics are a favored technical indicator because it is easy to understand and has a high degree of accuracy. Stochastics are used to show when a stock has moved into an overbought or oversold position.

TradingView has designed its own scripting language called Pine Script . It allows users to create custom indicators and run them on our servers. Pine was designed as a lightweight language focused on the specific task of developing indicators and strategies.

Pine Script is a programming language developed by TradingView, used for writing proprietary indicators and strategies that can be added to your chart and used in technical analysis . There is a special editor in the lower panel of your chart, specifically designed for writing and editing code.

The HLC stands for High, Low, Close and the /3 divides the result by 3 to give you the average. The indicator calculates the buy and sell signals using HLC3, Simple…

when bar closes below ATR band Sell signal is triggered. Back test indicates good result, use it with MACD for high accuracy . This strategy is based on RSI and ATR Bands which works better in 5 and 15 Mins time frame.