High-Probability Sell Signal Indicator

The code checks for a bearish RSI divergence on an overbought RSI, confirms high volume on the sell signal bar, and requires a bearish candlestick pattern (engulfing, dark cloud cover, or shooting star) to be present. When all conditions align on a confirmed daily bar close, it plots a “SELL” label above that bar and triggers an alert. This multifaceted approach – combining oscillator divergence, volume, and price action patterns – helps ensure the sell signals are high-probability and reduces the chance of false alarms

siddharth1486

開源腳本

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 您可以收藏它以在圖表上使用。