OPEN-SOURCE SCRIPT
Buyers in Control
█ OVERVIEW
The "Buyers in Control" indicator identifies periods when buying pressure dominates the market by combining three key technical factors:
✓ Price Momentum - Price trading above exponential moving average
✓ Volume Confirmation - Current volume exceeding average (strong participation)
✓ RSI Strength - Momentum indicator confirming bullish bias
When all three conditions align, the indicator signals that buyers are in control of the market.
█ HOW IT WORKS
The indicator evaluates three independent conditions:
1. PRICE POSITION: Close > EMA(21)
→ Confirms price is in an uptrend
2. VOLUME SURGE: Volume > SMA(20) × 1.2
→ Validates that the move has genuine buying interest
3. MOMENTUM: RSI(14) > 50
→ Ensures bullish momentum is present
Only when ALL three conditions are true does the indicator confirm buyer control.
█ KEY FEATURES
• Real-time Dashboard - Shows status of each condition (✓/✗)
• Visual Alerts - Green background + labels when buyers take control
• EMA Reference Line - Visual trend indicator
• Customizable Parameters - Adjust sensitivity for any market/timeframe
• Built-in Alerts - Notification when control shifts to buyers
• Clean Code - Well-documented Pine Script v6
█ SETTINGS
Price Momentum:
- EMA Length (default: 21) - Shorter = faster signals, Longer = more conservative
Volume Confirmation:
- Volume Multiple (default: 1.2) - Higher = requires stronger volume
- Volume SMA Length (default: 20) - Lookback period for average volume
RSI Momentum:
- RSI Length (default: 14) - Standard RSI calculation period
- RSI Threshold (default: 50) - Minimum RSI for buyer control
Display:
- Toggle background, labels, EMA line, and customize colors
█ USE CASES
• Trend Confirmation - Validate bullish moves before entering long positions
• Filter Weak Rallies - Avoid low-volume pumps that often reverse
• Multi-Timeframe Analysis - Check buyer control across multiple charts
• Alert System - Get notified when market regime shifts to buyers
█ BEST PRACTICES
✓ Works best in trending markets (avoid choppy/ranging conditions)
✓ Combine with support/resistance for optimal entries
✓ Test different EMA lengths for your specific asset/timeframe
✓ Use alongside risk management rules (stop losses, position sizing)
✓ Consider the dashboard to see which conditions are missing
█ TIMEFRAMES
Suitable for all timeframes:
• Intraday: 1m-15m (use EMA 9 for faster signals)
• Swing: 1h-4h (default settings work well)
• Position: Daily-Weekly (use EMA 50 for conservative signals)
█ TECHNICAL NOTES
• Pine Script v6 - Latest version for optimal performance
• No repainting - All calculations based on closed bar data
• Lightweight - Minimal CPU usage
• Open Source - Full code available for review and modification
█ ALERT CONDITIONS
1. "Buyers Take Control" - Fires when all three conditions become true
2. "Buyers Lose Control" - Fires when any condition breaks
█ LIMITATIONS
⚠ Not a standalone trading system - use as a confluence tool
⚠ May generate false signals in sideways/choppy markets
⚠ Volume data unavailable on some forex pairs (use tick volume)
⚠ Lagging by nature - confirmatory indicator, not predictive
█ CREDITS
Indicator combines classic technical analysis principles:
• EMA for trend direction
• Volume analysis for validation
• RSI for momentum confirmation
No proprietary algorithms - transparent, time-tested methods.
The "Buyers in Control" indicator identifies periods when buying pressure dominates the market by combining three key technical factors:
✓ Price Momentum - Price trading above exponential moving average
✓ Volume Confirmation - Current volume exceeding average (strong participation)
✓ RSI Strength - Momentum indicator confirming bullish bias
When all three conditions align, the indicator signals that buyers are in control of the market.
█ HOW IT WORKS
The indicator evaluates three independent conditions:
1. PRICE POSITION: Close > EMA(21)
→ Confirms price is in an uptrend
2. VOLUME SURGE: Volume > SMA(20) × 1.2
→ Validates that the move has genuine buying interest
3. MOMENTUM: RSI(14) > 50
→ Ensures bullish momentum is present
Only when ALL three conditions are true does the indicator confirm buyer control.
█ KEY FEATURES
• Real-time Dashboard - Shows status of each condition (✓/✗)
• Visual Alerts - Green background + labels when buyers take control
• EMA Reference Line - Visual trend indicator
• Customizable Parameters - Adjust sensitivity for any market/timeframe
• Built-in Alerts - Notification when control shifts to buyers
• Clean Code - Well-documented Pine Script v6
█ SETTINGS
Price Momentum:
- EMA Length (default: 21) - Shorter = faster signals, Longer = more conservative
Volume Confirmation:
- Volume Multiple (default: 1.2) - Higher = requires stronger volume
- Volume SMA Length (default: 20) - Lookback period for average volume
RSI Momentum:
- RSI Length (default: 14) - Standard RSI calculation period
- RSI Threshold (default: 50) - Minimum RSI for buyer control
Display:
- Toggle background, labels, EMA line, and customize colors
█ USE CASES
• Trend Confirmation - Validate bullish moves before entering long positions
• Filter Weak Rallies - Avoid low-volume pumps that often reverse
• Multi-Timeframe Analysis - Check buyer control across multiple charts
• Alert System - Get notified when market regime shifts to buyers
█ BEST PRACTICES
✓ Works best in trending markets (avoid choppy/ranging conditions)
✓ Combine with support/resistance for optimal entries
✓ Test different EMA lengths for your specific asset/timeframe
✓ Use alongside risk management rules (stop losses, position sizing)
✓ Consider the dashboard to see which conditions are missing
█ TIMEFRAMES
Suitable for all timeframes:
• Intraday: 1m-15m (use EMA 9 for faster signals)
• Swing: 1h-4h (default settings work well)
• Position: Daily-Weekly (use EMA 50 for conservative signals)
█ TECHNICAL NOTES
• Pine Script v6 - Latest version for optimal performance
• No repainting - All calculations based on closed bar data
• Lightweight - Minimal CPU usage
• Open Source - Full code available for review and modification
█ ALERT CONDITIONS
1. "Buyers Take Control" - Fires when all three conditions become true
2. "Buyers Lose Control" - Fires when any condition breaks
█ LIMITATIONS
⚠ Not a standalone trading system - use as a confluence tool
⚠ May generate false signals in sideways/choppy markets
⚠ Volume data unavailable on some forex pairs (use tick volume)
⚠ Lagging by nature - confirmatory indicator, not predictive
█ CREDITS
Indicator combines classic technical analysis principles:
• EMA for trend direction
• Volume analysis for validation
• RSI for momentum confirmation
No proprietary algorithms - transparent, time-tested methods.
開源腳本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
開源腳本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免責聲明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.