TradingView buy sell Indicator Reddit

Buy and sell signals can be generated by two moving averages — a long-period and a short-period average. When the short moving average rises or falls below the long moving average, buy or sell signals can be generated based on set parameters .

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.

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.

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…