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Buy/Sell Signal - Advanced v2

The Buy/Sell Signal – Advanced v2 indicator is a powerful tool designed for traders who seek more reliable and filtered entries. This indicator combines classic technical analysis with modern enhancements to reduce noise and false signals. It generates Buy signals when a bullish candle closes above the 14-period Simple Moving Average (SMA), the RSI is below the oversold threshold (default: 30), and trading volume is higher than the 20-period average—indicating strong momentum and potential reversal from a discounted price zone. Conversely, a Sell signal appears when a bearish candle closes below the SMA, RSI is above the overbought level (default: 70), and volume exceeds its average—signaling potential weakness after a price rally.
In addition to entry signals, the indicator automatically plots dynamic support and resistance levels using pivot highs and lows. These levels help traders identify key zones for confirmation, breakout, or rejection. The SMA provides trend direction context, while the volume and RSI filters act as safeguards to avoid trading in low-quality conditions.
Ideal for scalpers and intraday traders on 5-minute to 1-hour timeframes, this indicator helps capture trend continuations and early reversals with confidence. For best results, use the signals in conjunction with multi-timeframe analysis and price action confirmation. This tool is especially effective on assets like XAUUSD, forex pairs, and indices.
In addition to entry signals, the indicator automatically plots dynamic support and resistance levels using pivot highs and lows. These levels help traders identify key zones for confirmation, breakout, or rejection. The SMA provides trend direction context, while the volume and RSI filters act as safeguards to avoid trading in low-quality conditions.
Ideal for scalpers and intraday traders on 5-minute to 1-hour timeframes, this indicator helps capture trend continuations and early reversals with confidence. For best results, use the signals in conjunction with multi-timeframe analysis and price action confirmation. This tool is especially effective on assets like XAUUSD, forex pairs, and indices.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。