"Buy and Sell CONFIRMATION ENTRY" Product Description:
The indicator identifies market trends with visual buy/sell alerts on the chart.
Useful on higher timeframes available on Tradingview (ex: 4 hours, 1 Day).
The "Buy and Sell Confirmation" Indicator combines Moving Average Convergence Divergence and Relative Strength Index, which triggers technical signals when it crosses above (to buy) or below (to sell) its signal line. The crossovers transformed in buy and sell indicators is also taken as a signal of a market is overbought or oversold. The swing lines help you draw Elliott Waves to understand better where the market is heading.
The indicator can be used for every type of market: indices, stocks, cryptocurrencies, currencies and others.
This study is not a guarantee profit. You should backtest or trade virtual money before using this study on your real portfolio, as it is intended to be a tool and not a fortune teller.
Disclaimer: Trading and investing in the stock market and cryptocurrencies involves substantial risk of loss and is not suitable for every investor. The content covered in this videos is NOT to be considered as investment advice. I’m NOT a financial adviser. All trading strategies are used at your own risk.
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As an experienced financial analyst and trading enthusiast with an in-depth understanding of technical analysis, I have actively engaged in the financial markets and have a comprehensive knowledge of various trading strategies and tools. My expertise is not only theoretical but has been honed through practical application and continuous monitoring of market trends.
Now, delving into the product description of the "Buy and Sell Confirmation Entry" indicator, it's evident that this tool is designed to provide visual buy/sell alerts on trading charts. It is specifically tailored for higher timeframes such as 4 hours and 1 Day, making it suitable for traders who prefer a more comprehensive outlook.
The indicator combines two powerful technical indicators – the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). The MACD is known for identifying trend direction and momentum, while the RSI is a popular momentum oscillator indicating overbought or oversold conditions.
The trigger for buy signals occurs when the MACD and RSI cross above their respective signal lines. Conversely, sell signals are generated when the indicators cross below their signal lines. This dual confirmation approach enhances the reliability of the signals, making it a valuable tool for traders seeking confirmation before making trading decisions.
Additionally, the mention of crossovers as signals for overbought or oversold markets aligns with traditional technical analysis principles. This insight can be crucial for anticipating potential reversals or continuation of trends.
The inclusion of swing lines for drawing Elliott Waves adds another layer of analysis, allowing traders to apply wave theory for a better understanding of market direction and potential turning points.
It's worth noting the indicator's versatility, as it can be applied to various markets, including indices, stocks, cryptocurrencies, currencies, and more. This flexibility makes it a valuable asset for traders across different financial instruments.
The disclaimer emphasizes responsible use, urging traders to backtest or trade with virtual money before implementing the indicator in a real portfolio. This aligns with the best practices in trading, highlighting that the tool is meant to be a guide and not a fortune-telling device.
Finally, the mention of restricted access to the script and the warning about paying for scripts underscores the importance of caution in the online trading community. This aligns with the general principle that due diligence should be exercised when using third-party tools, especially those requiring payment.
In conclusion, the "Buy and Sell Confirmation Entry" indicator integrates well-established technical analysis tools and principles, providing traders with a comprehensive approach to market analysis. However, it's crucial for users to exercise caution, thoroughly understand the tool's functionality, and practice responsible trading, as outlined in the disclaimer.
FAQs
Stochastics is a favorite technical indicator because of the accuracy of its findings. It is easily perceived both by seasoned veterans and new technicians, and it tends to help all investors make good entry and exit decisions on their holdings.
What is the TradingView indicator that tells when to buy and sell? ›
This indicator is the Mobo Bands (Momentum Breakout Bands). These bands are bollinger bands that have an adjusted standard deviation. There are Buy signals when it has momentum breakouts above the bands for moves to the upside and Sell signals when it has momentum breakouts below the bands for moves to the downside.
What is the buy and sell perfect entry indicator? ›
The "Buy and Sell Perfect Entry" Indicator combines various exponential moving averages and RSI in order to deliver an early entry to a buy or sell trend. The indicator also has red and green areas for overbought (red) and oversold (green) in order to identify better the entry.
Which indicator is best for confirmation? ›
Confirmation is best met if one or more indicators from multiple categories are present: Trend indicators include moving averages, moving average convergence divergence (MACD), and the parabolic SAR.
Which indicator gives highest accuracy? ›
Most professional traders will swear by the following indicators.
- Moving Average Line.
- Moving Average Convergence Divergence (MACD)
- Relative Strength Index (RSI)
- On-Balance-Volume (OBV)
The best technical indicators for day trading are the RSI, Williams Percent Range, and MACD. These measurements show overbought and oversold levels on a chart and can help predict where a price is likely to go next, based on past performance.
What is the most successful indicator in TradingView? ›
Below, we will explore the top 10 best Indicators used among traders.
- 1 - Moving Average (MA) ...
- 2 - Relative Strength Index (RSI) ...
- 3 - Moving Average Convergence Divergence (MACD) ...
- 4 - Bollinger Bands. ...
- 5 - Volume. ...
- 6 - Stochastic Oscillator. ...
- 7 - Fibonacci Retracement. ...
- 8 - Average True Range (ATR)
The possible buy and sell signals are triggered when the shorter average crosses the longer–crossing in the upward direction triggers a possible buy while crossing in the downward direction signals a possible sell.
What is the Buffett indicator in TradingView? ›
A simplistic Buffett Indicator that shows the ratio of total US stock market valuation to GDP. Lines are plotted to represent 50%, 100%, 150%, and 200% of GDP. All plotted lines can be hidden to suit your own needs.
What is the best indicator for entry? ›
The Best Technical Indicators
- Support and Resistance Levels. The support and resistance levels are pivotal to identifying possible trend formation and trend reversals. ...
- Relative Strength Index (RSI) ...
- Moving Averages. ...
- Bollinger Bands. ...
- Stochastic Oscillator. ...
- Moving Average Convergence Divergence (MACD)
Best trading indicators
- Moving average (MA)
- Exponential moving average (EMA)
- Stochastic oscillator.
- Moving average convergence divergence (MACD)
- Bollinger bands.
- Relative strength index (RSI)
- Fibonacci retracement.
- Ichimoku cloud.
To know when to trade, day traders closely watch a stock's order flow, the list of potential orders lining up to buy and sell a stock. Before buying, they'll look for a stock to fall to “support,” a stock price at which other buyers step in to buy, and the stock is more likely to rise.
What indicator tells you when to buy and sell? ›
RSI is also useful in identifying if there's an uptrend or downtrend. If RSI shows signs of overbuying, it generally indicates that it's the right time to sell and make a profit. Likewise, when RSI shows signs of overselling, it is an indication that it's the right time to buy.
What is the best indicator to confirm trend? ›
Many traders consider the ADX to be the ultimate trend indicator because it is so reliable. ADX quantifies trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used.
How to avoid RSI false signals? ›
Volume can really help you in identifying false signal because volume plays crucial role in the trend for example If a stock is in uptrend and with every upside movement the volume is decreasing this can indicate weak hand buying which means it is not that much sustainable so there is a possibility that trend might get ...
What is the most accurate indicator of what a stock is actually worth? ›
The cornerstone stock valuation metric is the P/E ratio
The most common way to value a stock is to compute the company's price-to-earnings (P/E) ratio. The P/E ratio equals the company's stock price divided by its most recently reported earnings per share (EPS).
Do buy and sell indicators really work? ›
Indicators are great tools if a trader understands their true purpose. Of course, you can just look at price action and get an idea for momentum or volatility, but indicators take out the guesswork and make information processing much faster and easier.
Which indicator has highest accuracy in option trading? ›
Intraday Momentum Index (IMI)
The Intraday Momentum Index is a good technical indicator for high-frequency option traders looking to bet on intraday moves.
