Buy Sell Indicator Pine Script Source Code Free Download:
Are you looking for a reliable trading indicator to help you make informed decisions in the stock or cryptocurrency markets? Look no further! We’re excited to introduce the “Task Flipper Buy Sell Indicator,” a powerful tool designed to provide clear buy and sell signals, along with trend analysis.
Overview of the Task Flipper Buy Sell Indicator
The Task Flipper Buy Sell Indicator is a sophisticated trading tool that combines several technical analysis techniques to deliver precise buy and sell signals. It also showcases trend ribbons for a comprehensive view of market trends.
Key Features
- Buy & Sell Signals: The indicator provides clear buy and sell signals based on market conditions.
- Trend Ribbon: A trend ribbon helps visualize the overall market trend, aiding in more informed trading decisions.
- Customizable Sensitivity: Adjust the sensitivity of the signals to suit your trading style.
- Smoothing Options: Smooth out the data to reduce noise and get a clearer picture of market trends.
How It Works
The Task Flipper Buy Sell Indicator uses a combination of smoothed price data and filtered price data to determine market conditions. By analyzing these conditions, it generates buy and sell signals to help traders make better decisions.
- Buy Signals: These are generated when the market conditions indicate a potential upward movement. The indicator analyzes the price trends and provides a buy signal when it detects a bullish trend.
- Sell Signals: Conversely, sell signals are generated when the market conditions indicate a potential downward movement. The indicator provides a sell signal when it detects a bearish trend.
- Trend Ribbon: The trend ribbon is an additional feature that shows the overall market trend. This visual aid helps traders quickly understand the market direction, making it easier to confirm signals and make informed decisions.
Customization Options
The Task Flipper Buy Sell Indicator is highly customizable. Users can:
- Show or Hide Buy & Sell Signals: Depending on your trading strategy, you can choose to display or hide these signals.
- Adjust Sensitivity: The sensitivity of the signals can be adjusted to be more or less responsive to market changes. This allows traders to tailor the indicator to their specific trading style.
- Toggle Trend Ribbon: The trend ribbon can be shown or hidden based on user preference.
- Smoothing Parameters: The indicator includes options to smooth the data, reducing noise and providing a clearer picture of market trends.
The Task Flipper Buy Sell Indicator is a versatile and powerful tool for traders looking to enhance their trading strategies. With its clear buy and sell signals, customizable options, and trend analysis features, it provides a comprehensive solution for making informed trading decisions. Whether you’re a novice trader or an experienced professional, this indicator can help you navigate the markets with greater confidence.
Source Code Below:
//@version=5
indicator("Task Flipper Buy Sell Indicator", overlay=true)
// Inputs
showBuySell = input(true, "Show Buy & Sell", group="Buy & Sell Signals")
sensitivity = input.float(3, "Sensitivity (1-6)", 1, 6, group="Buy & Sell Signals")
showRibbon = input(true, "Show Trend Ribbon", group="Trend Ribbon")
smooth1 = input.int(5, "Smoothing 1", 1, group="Trend Ribbon")
smooth2 = input.int(8, "Smoothing 2", 1, group="Trend Ribbon")
// Utility Functions
smoothrng(x, t, m) =>
wper = t * 2 - 1
avrng = ta.ema(math.abs(x - x[1]), t)
smoothrng = ta.ema(avrng, wper) * m
rngfilt(x, r) =>
rngfilt = x
rngfilt := x > nz(rngfilt[1]) ? x - r < nz(rngfilt[1]) ? nz(rngfilt[1]) : x - r : x + r > nz(rngfilt[1]) ? nz(rngfilt[1]) : x + r
percWidth(len, perc) => (ta.highest(len) - ta.lowest(len)) * perc / 100
// Main Calculation
source = close
smrng1 = smoothrng(source, 27, 1.5)
smrng2 = smoothrng(source, 55, sensitivity)
smrng = (smrng1 + smrng2) / 2
filt = rngfilt(source, smrng)
up = 0.0
dn = 0.0
up := filt > filt[1] ? nz(up[1]) + 1 : filt < filt[1] ? 0 : nz(up[1])
dn := filt < filt[1] ? nz(dn[1]) + 1 : filt > filt[1] ? 0 : nz(dn[1])
bullCond = bool(na)
bearCond = bool(na)
bullCond := source > filt and source > source[1] and up > 0 or source > filt and source < source[1] and up > 0
bearCond := source < filt and source < source[1] and dn > 0 or source < filt and source > source[1] and dn > 0
lastCond = 0
lastCond := bullCond ? 1 : bearCond ? -1 : lastCond[1]
bull = bullCond and lastCond[1] == -1
bear = bearCond and lastCond[1] == 1
countBull = ta.barssince(bull)
countBear = ta.barssince(bear)
trigger = nz(countBull, bar_index) < nz(countBear, bar_index) ? 1 : 0
ribbon1 = ta.sma(close, smooth1)
ribbon2 = ta.sma(close, smooth2)
// Plot Signals
off = percWidth(300, 5)
plotshape(showBuySell and bull ? low - off : na, "Buy Label", shape.labelup, location.absolute, color.green, 0, "Buy", color.white, size=size.normal)
plotshape(showBuySell and bear ? high + off : na, "Sell Label", shape.labeldown, location.absolute, color.red, 0, "Sell", color.white, size=size.normal)
// Trend Ribbon
plot(showRibbon ? ribbon1 : na, "Ribbon 1", color.blue, 2)
plot(showRibbon ? ribbon2 : na, "Ribbon 2", color.orange, 2)
// Bar Colors for Trend
barcolor(up > dn ? color.green : color.red)