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ProtectedTrend

BUY SELL SIGNAL

Subhajit Bhattacharya
Subhajit Bhattacharya
4d ago
BUY SELL SIGNAL

This script's source code is protected by the author.

BUY SELL SIGNAL is a simple trend-following tool that plots a trailing stop line based on market volatility (ATR).

How to read it:

  • Green line + Buy marker: price has closed above the stop, which suggests an uptrend.
  • Red line + Sell marker: price has closed below the stop, which suggests a downtrend.
  • Candles turn green or red to match the current trend.

Settings:

  • Key Value: controls sensitivity. Higher values give fewer, slower signals. Lower values give more, faster signals.
  • ATR Period: the volatility lookback (default 10).

Tips:

  • It works best in trending markets and can give false signals in sideways ones.
  • Confirm signals with support/resistance, volume, or a higher-timeframe trend.
  • Adjust the settings to suit your symbol and timeframe. .
Disclaimer

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