Designed to identify potential buying opportunities with high reliability, particularly on the daily timeframe. It combines multiple technical analysis tools to generate signals with enhanced accuracy and flexibility.
Key Features:
Multi-Condition Analysis:
RSI (<55) and Stochastic Oscillator (<55) to detect oversold conditions.
Bollinger Band proximity for price reversals.
Volume spikes to confirm market interest.
50-day Moving Average to ensure trend alignment.
Early Signal Detection:
Includes a 10-day and 20-day SMA crossover for additional confirmation.
Relaxed thresholds to capture trends earlier.
Customizable Parameters:
The thresholds for RSI, Stochastic, and volume are adjustable for different trading styles.
How to Use:
Use this indicator on daily timeframes for swing trading.
Look for the green 'BUY' label below the candles as the entry signal.
Combine with other tools (e.g., support/resistance levels, candlestick patterns) for additional confirmation.
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