BUY SELL PRO Improve Profitability & Reduce Risk with BUY SELL Pro Ultimate BUY SELL Indicator for All Time Frames
Risk Disclosure DISCLAIMER: Crypto, futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of crypto, futures, stocks, and options may fluctuate as a result clients may lose more than their original investment. All trading strategies are used at your own risk. Any content should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee. The author is not responsible for any losses incurred as a result of using any of our trading strategies. Stop loss strategies such as stop loss orders may not be effective because market conditions or technological issues may make it impossible to execute such orders. Likewise, strategies using combinations of options and/or futures positions such as spread or straddle trades may be just as risky as simple long and short positions. Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. None of the content constitutes a recommendation that any particular security, the portfolio of securities, transaction or investment strategy is suitable for any specific person. None of the information providers or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular security, the portfolio of securities, transaction, investment strategy or other matter. Page 1 - Risk Disclosure
Overview BUY SELL indicator is a volatility indicator to help traders make decisions on what trades to take and where to enter and exit them. It s deep analysis or even market psychology is based on industry-standard formulas. The indicator is a paid subscription base custom built indicator which you can easily add onto your chart. First of all, you must have an account on www.tradingview.com website in order to use this easy to understand market indicator. You can subscribe to the indicator package at www.buysellsignals.app. Your account will have access to BUY SELL indicators on www.tradingview.com. You will get invitations for these indicators within one business day after payment is received. You can simply add the indicators on your chart by opening the indicator tool by pressing key [ / ] from your keyboard or click on from your charting icons. When Indicators & Strategies window box appears, click on Invite-Only Scripts to access BUY SELL Pro and other invited indicators to add on. Click on BUY SELL Pro one time, and close the Indicators & Strategies window. Page 2 - Overview
Understanding The Indicators Buy Sell indicators comes with various factors to make you understand without drawing trendlines by calculating the volatility of the market. After you get to access the indicators, you can apply the indicators to your trading view chart. You will see below like this. So let s break down the chart indicators for you to understand one by one. In order to do that, you can turn off indicator s lines by clicking on the format icon. You can find the format icon next to the indicator name. Page 3 - Understanding The Indicator
The Indicator s Inputs Click on inputs tab to see all the functions of the BUY SELL indicators. Input fields have various options to setup or turn on/off on your chart. Following pages will explain this in detail. Page 4 - The Indicator s Input
Crypto Session Starting Point According to the tradingview platform, default UTC timezone is set for the charts. In order to notice the opening/closing hour for swing traders/intraday traders, vertical white lines will appear on the chart less than one hour Interval Time Frame. That will give you more details at the opening, after the opening you can judge the trending. Will it rise or fall from the opening? You may turn off the Crypto Session Starting Point, if you want to hide the white vertical lines from the chart during the short Time Frame. Page 5 - Crypto Session Starting Point
Swing Pressure Before breakout/pump or dump you will see the swing pressure indicator shown as a yellow inverted triangle shape on the chart. After the Swing Pressure Indicator appears, you may want to wait for the next set of candles to make your next decision, basically the next one to three candles will decide if you buy or sell. If you want to set the distance of swing pressure, you can change value 8 at Swing Distance Bars to any number, the pressure indicator yellow inverted triangle shape will move accordingly to your setting value. As default, the value 8 is set for swing pressure. If you like to trade on Low Time Frame (TF) and see the Swing Session on another TF, you can do that by changing predefined TF at the Swing Session. As a default, we are using Current TF as a chart. Page 6 - Swing Pressure
Buy Sell Signals The BUY SELL signals are painted based on Average True Range (ATR), Stochastic Momentum Index (SMI), Exponential Moving Average (EMA), simple moving average (SMA). In order to measure the Momentum, you may set all signals based on your input of %K, %D, ATR. Default setup is shown as above, however you may change to any values. Technical information is on the next page. Page 7 - Buy Sell Signals
These input (%K, %D, ATR, ATR Period) options calculate momentum for BUY SELL PRO. %K is the percentage of the price at closing (K) within the price range of the number of bars used in the look-back period. %D is a smoothed average of %K, to minimize whipsaws while remaining in the larger trend. %K = SMA(100 * (Current Close - Lowest Low) / (Highest High - Lowest Low), 3) %D = SMA(%K, periodd) Lowest Low = The lowest price within the number of recent bars in the look-back period (periodk input) Highest High = The highest price within the number of recent bars in the look-back period (%K input) %K = 14, %D = 3 are commonly used for momentum calculation In technically BUY SELL signals generate when lines %K and %D are intersected. When %K crosses above %D, buying signal is generated and when the %K crosses below %D, selling signal is generated. However, you will not see when %K, %D are intersected on the chart. You will see only BUY SELL signals on the chart. If you put small number as %D. you will see SELL signals more. ATR period has usually use the value of 14. The average true range is a moving average, generally 14 days, of the true ranges. The high ATR values are to find the market bottoms following a panic selling, low ATR values usually occur at the market Top Price level. As a default ATR is used with 2 in order to see more signals, if you want to avoid more signals, you can change to 12 ATR value. However, due to frequent intersections false signals could be generated which are Bull or Bear traps in short time frames. When BUY or SELL signals appears on the candle, wait till the candle is finished. Decide on the next set of candles to open your position and decide if your Risk/Rewards are good to make. In order to prevent these traps, we have added Bar Color, Golden Cross, Dead cross, Market Background, Plot Lines, Long Session, and a Short Line for you. You can customize the bar color as well. Page 8 - Buy Sell Signals
Color Background Color Background is for market psychology on the chart. Red background represents the Bearish market, and green is for the Bullish market. Whenever the background color changes into green or red, the price will behave accordingly. You can customize the color you may like. In this guideline, we are using a dark theme for our indicators. However, you can change any color to suit with your chart on the Style Tab setting. Low And High The small red line and green line after the last candle are indicating the high and the low. If you are looking at short time frame interval chart, you will see daily Low/ High. Likewise, Daily Chart will give you you weekly Low/High, weekly chart will give you monthly Low/High information. Sometime chart candles may scale due to Low/High price. You can uncheck Low and High option to turn off once you know their price. Mostly investors sell at New High, and buy back at New Low. Page 9 - Color Background
Golden Cross & Dead Cross The Golden Cross is a bullish breakout pattern formed from a crossover involving a security's 20-day moving average or resistance level. Many investors view this pattern as a bullish indicator. The Dead Cross is indicating the potential for a major selloff. Golden Cross starts with green cloud on the chart, and Dead Cross starts with the red cloud on the chart. Dead Cross, Golden Cross, Market Background This moving average is calculated for a strong trend, if investors are seeing crossing over with green candle color with green background as following image, that is a strong BUY. For a short seller, investors can look out where shorting ends if they shorted from the Dead Cross. From Dead Cross to Golden Cross Page 10 - Golden Cross & Dead Cross
Crossover Market Plot Crossover is like Dead Cross or Golden Cross which is a thick line that color changes into green and red. It can also give you hints from the background/ Dead Cross/Golden Cross. When the bar crosses down the red highlight line, the market is going down, when the bar is going up above the green highlight line the market is going up. When it is a red line, investors don t buy until it crosses the green line, sell until sell off is confirmed after crossing down the red line. Page 11 - Cross Over
Bar Color To avoid false signals of BUY SELL, the bar color can be very helpful as well. There is always a market pullback when the bar color changes. So for that confirmation, you can look at the bar color. If you check on the Bar Color, please try to uncheck the Border from the setting. You can uncheck by Right Click on any area of the Chart -> Properties and Click Style Tab like below, and uncheck the Borders : This will give you a clearer reading for Bull or Bear bars. Page 12 - Bar Color
Long/Short Entries The indicator for LONG / SHORT with STOP LOSS entries is for intraday and swing trading. In long Time Frame or > Day Chart, the price levels for Take Profit (TP) will not be reached to TP 2nd level. Consider all the lines are going to support and resistance as well. You may only see price sharply going beyond TP2 and small time frames in very volatile markets. TP2 is mostly calculated for profit taking for swing traders. All the lines must be considered for support and resistances before you short or long. Sometimes, short of long lines are considered support/resistance as well. Thus, you must wait till the candle crosses above the line as confirmation. No matter if you shorted after crossing from Dead Cross or Golden Cross or Crossover lines, consider Long session and Short session entry lines as resistance and supports. Remember not to trade when the market goes sideways if the long /short session are shorter than 1%. Long Session When the market is bullish, you will see long sessions, which has a green line as an entry level. If the market is going sideways, long session will not be effective to reach TP2. Above the BUY Entry a bright green line you will see two blocks of background for Target Profit (TP), one for TP 1 level and another for TP 2 level. Below there is a small black line for Buy Stop-Loss. Again, all the lines for entries and TPs are supports at retracement and become resistance at bullish. So you must confirm with other patterns as well, Golden Cross, Dead Cross, was short line supported? Page 13 - Long/Short Entries
Short Session When the market is bearish, you will start to see the red thick line, which is a SHORT entry level. Below the short entry level, you will see two blocks of TPs. Above the short entry level, the red block with the black thick line is for Sell Stop Loss. Most of the time you will see Dead Cross before you see the short entry line. Sideways & Bull Correction After the price level pump, the long line will be following along with the market position. However, if those bars are remaining under the roof of longline format, that means it is going sideways and will have a good correction for bulls, or dump is coming soon. You will see this market circle all the time in any market, especially in Crypto. Sometimes, you will see the breakout after the bull correction. Usually it will break out to the price where it has main resistance before it goes sideways. Page 14 - Short Session/ Sideways and Bull Correction
Price Filter The white curvy line across the candles will act like a price filter. When Bullish, the candle will stay above the price filter line all the time. When Bearish, candle will cross down the white line, and stay above the white line. Before crash or pump, you will see crossing the white line, and bar color changes as well. You can use price filter as trailing stop when it is crossing over white line and golden cross or dead cross section with the bar color. Over Bought & Over Sold Over Sold is green circle dot below the candle and Over Bought is red circle dot above the candle. Don t take this seriously at Over Sold and Over Bought in Short Time Frame. However, the Long Time Frame has strong confirmation for supporting/resisting of Over Bought and Over Sold. Page 15 - Price Filter / Overbought & Oversold
Strength & Sideways You are invited also to use Strength and Sideways Indicator as well after the subscription. You can find this indicator as a SIDEWAYS/PUMP/DUMP at the invited scripts. Black background indicates the sideways movement, you will not find any profitable trades while it is having sideways movements. Many investors avoid having long or short positions on sideways movement, as it is not worth to get in. On the Bottom Screen, you will see the long or short indicators as well. The red line is for bearish and green is for bullish. If the color line is leading up with the trend without touching down on the strength, the demand is a solid trend for the leading color line. Before opening the position, check the leading line above, and last color at the bottom of the screen. Best way to swing or intraday trade is to open a position when the strength is starting to grow. When it declines, the market tends to go slow, that is where you can take profits when the strength level is below 25. This strength indicator is good for swing/intraday traders within the short time frame. Recommend using it for opening entry for the position on the Short time frame and avoid when market goes sideways. Page 16 - Strength /Sideways
Don t have time to watch Chart 24/7? You can set up BUY SELL Trading Alerts too. It may be useful for some users who cannot keep up on all the charts all the time, Some traders prefer alerts to trade for various options, (IQ, Bot, Timesaving). This is the setting for you. Right Click on any area of your chart -> Choose the first Option Add Alert... or Press Alt + A from your keyboard to open Alert option. At the Condition, select BUY SELL Pro 2.x. You will find 8 types of Alerts. If you want to get alerts for Buy Signal, Select 1 - BUY SIGNAL from the dropdown box on the second row. Or select 2 - SELL SIGNAL to get alert for the Sell Signal. Select Once Per Bar Close on the Options, once the Signal is confirmed on the candle, then it will fire up the alert. Likewise, you can select 3 - Golden Cross, and 4 - Dead Cross for the alert as well. If you choose Bullish Bar or Bearish Bar, you may want to choose more than 30 mins TF, and Once Per Bar Close to get alerts. For the sideways indicator, you will have 4 options as well for Bullish/ Bearish. When pump or dump action is happening, it will send alerts to you. But for this indicator, you just need to select Once Per Bar for alerts. Page 17 - Alert Setup
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