Trading Tutorials & Resources
Buy Sell Indicator
This Buy Sell Indicator uses price action calculations to determine the bullish or bearish nature of the current market and then calculates if the price action is strong enough to give a signal. The indicator is fully adjustable so you can fine tune it to fit your specific trading style with Scalp Mode, Swing Mode, Long Swing Mode and candle trailing length. It also has an automatic trailing stop loss and take profit features that can be customized.
For price action identification, scalp mode looks at the candle body, candle wicks and size of the body and wicks and compares all of that to the previous candle to see if it is bullish or bearish. Swing mode will compare the current candle to the last 2 candles and long swing mode will compare the current candle to the last 10 candles. It’s looking for higher highs & lower lows, if the candle body is large or small and much more.
There are also filters that prevent signals from being given when the candle is small or has not made a higher high or lower low compared to the previous candle and multiple other filters to help hold positions longer. Once the price action direction has been confirmed, then the script looks at a massive amount of other calculations to determine if a signal should be given or not. These calculations are made up of all of my best indicators combined into a master signal generator as well as more new calculations from things I have learned over time and tested extensively that have not been made available to the public until now.
Price action as well as many other factors will all have to be confirming the direction before a signal can come in, but it reacts very quickly so it can give early signals at the first sign of reversal. Fine tune your settings to match your trading style from within the input settings and then look for potential reversal areas and take signals that appear in that reversal area for the highest probability of winning trades. I decided not to include any support or resistance or similar tools in order to keep the indicator lightweight and respond as fast as possible as well as update the candles as quickly as possible. This also lets you keep your charts clean and only use the support & resistance tools that you prefer since everyone has a different trading style.
Trend Friend Swing Trade & Scalp Signals
Trend Friend is a custom built, data driven algorithm that gives buy and sell signals for scalping, swing trading and long swing trades. Signals are only given when MANY different factors line up together on a single candle(and no it is not based on moving averages like most of the other “algos” out there). It is designed to catch every move so you can expect early entries and exits across all of your favorite markets, use scalp mode for early entries with lots of signals or swing mode for longer swings with less signals and long swing mode for really long swing trades with even fewer signals.
The best markets to use this indicator on are high tickers with a lot of price action as these markets have enough data to use to give the signals the algo needs to be able to detect highly probable moves in price. That being said, it works across all markets such as stocks, crypto, forex and and across all timeframes.
***MAJOR POINTS TO REMEMBER BEFORE USING THIS INDICATOR***
1. If a signal seems to come in late, it is highly likely the market is about to reverse so use caution when taking signals that seem late. This typically happens because the market is indecisive so always be careful in these situations and just wait for a better signal when markets are really decisive. Look at historic data to see this pattern for yourself.
2. Always trade in the direction of the trend meaning the clouds. There is also a trend detection label you can follow as well. The safest way to do this is only trade short when the 100 is below the 500 and a Bear signal comes in very close to the line. Only trade long when the 100 is above the 500 and a Bull signal comes in very close to the line. If price is between the moving averages, play the 100 and 500 as and only take signals near one of the VWMAs with the plan of price returning to the other .
3. If the 100 and 500 are close to each other and/or moving sideways, you can expect choppy price action and consolidation so use caution when taking trades during this time. It is better to wait for the price to hold above or below both VWMAs and stay supportive there before taking trades.
4. This indicator will repaint if market data is indecisive, so either wait for the candle to close with a signal before entering trades or only take signals before it closes on candles with good backing it and other confluent factors.
***ALL THE FEATURES YOU NEED***
Trend Friend has multiple features designed to help you trade better and make decisions faster.
Buy & Sell Signals – When the algo detects all of our required parameters lining up on a single candle, Trend Friend will give Bull or Bear signals on the chart. Bull means upward price action is expected. Bear means downward price action is expected.
Take Profit Signals – When the price action makes a move that typically signals a reversal, a take profit signal will show up on the chart to help you get out of a trade before the next signal comes in.
Alerts – There are options for alerts on buy signals, sell signals, take profit signals, price crossing the 100 and price crossing the 500. All of these can be controlled using tradingview alerts so you don’t have to watch the charts and wait for things to happen. These alerts can also be used to send orders to trading bots if you choose.
Candles Painted Green Or Red According To Buy & Sell Pressure – By default, this indicator paints the candle sticks green, red or blue according to buy & sell pressure(DMI). You will need to turn off candle colors in your chart settings for this to appear correctly.
Percentage Updates – The table on the right has live percentage updates so you don’t have to measure out every move you are expecting. It will tell you the percentage from closest fibonacci levels, percentage away from the , percent gain or loss from the last signal entry and percentages from your own trades that can be configured in the settings. These help you always know how much more you can squeeze out of a trade and where your position stands without having to switch screens between Tradingview and your broker constantly.
Moving Average & Clouds – We included two color coded weighted moving averages( 100 and 500) and a color coded RMA 10 moving average. We also have a dotted line and cloud so you can easily see the trend direction on the chart at all times. The cloud and moving averages will turn green or red in real time depending on whether price is above or below each moving average or the respectively.
Trend Detection Label – The top label on the percentage update table tells you if the trend for this timeframe is or as well as when the trend is undecisive with choppy price action expected.
Chop & Low Warning Labels – When price action is choppy or there is very low compared to historic candles, a warning label will appear at the top of the screen so you know to use caution and stay out of trades during these times.
Auto Fibonacci Levels – The chart will automatically populate and extension levels. The percentage update table will also give you real time updates on how far away the next fibonacci levels are from the current price.
Bounce Zone – We also included a very long term moving average cloud( 1000 and 2000) that shows as purple on the chart. When price enters that cloud, you can expect a reversal in that area. If price was trending above the cloud, expect that cloud to act as support. If price was trending below the cloud, expect that cloud to act as resistance. When price is trying to break through that cloud in either direction you can expect price action to be choppy and big moves to happen once price gets supportive in that zone and breaks out.
Margin Multiplier – If you are using margin to trade, our margin multiplier will multiple all of the percentage updates by the margin level you input in the settings tab so your percentages will reflect the percentages in your account.
***HOW TO USE***
Bull & Bear Signals – When all of our algo parameters line up, a BULL or BEAR label will print on the chart. Bull labels will be colored green and bear labels will be colored red. Bull indicates a good place to enter a long trade because the algo is detecting patterns that indicate price should move upwards. Bear indicates a good place to enter a short trade because the algo is detecting patterns that indicate price should move downwards.
For best results using these signals, take trade signals that line up very closely with fibonacci levels or weighted moving averages or the or any combination of them. It is also recommended to only take trades in the direction of the moving averages to avoid trading false reversals. Also, make sure to check the percentage updates table to see if the expected move to the next fibonacci level is far enough away to make the risk to reward ratio worth taking the trade. Watch for signals when the VWMAs squeeze together after a wide gap and price breaks out with a corresponding signal as these can bring large, quick moves in price. Use caution when the VWMAs are close to each other and trending sideways as this usually brings choppy price action.
(The bull and bear signals can be turned on or off in the indicator settings input tab. Useful if you want to clean up the chart or only show bear or bull signals according to the trend.)
Take profit Signals – Take profit labels will show up on the chart when a reversal candle pattern or reversal indicator pattern is detected while a trade is still open. Use these signals as times that it may be a good point to exit the trade to avoid losses or reduced profits.
(The take profit signals can be turned on or off in the indicator settings input tab.)
Candles Colored According To Buy & Sell Pressure – By default this indicator will paint the green, red or blue depending on the buy & sell pressure for those candles using the Index or DMI. If buy pressure is higher than sell pressure, it will paint green. If Sell pressure is higher than buy pressure, it will paint red. If buy pressure is equal to sell pressure, it will paint blue. Use this to confirm which direction buying and selling is favoring and use a change in color trend to determine reversal points early. For this to work correctly you will need to go into chart settings(gear icon top right) and in the symbol tab turn off body, wicks and border.
(The buy & sell pressure candle coloring can be turned on or off in the indicator settings input tab.)
Auto Fibonacci – This indicator will automatically populate and extension levels for you. These levels are calculated using the previous high and low. You can switch the source between the previous day, week, month, quarter and year(the weekly setting is the default as it is great for day trading). The previous high and low levels will show as white(These are very important levels so watch for price to bounce off of the white lines). The percentage update table will also show the percentage gap from the current price and the next closest fibonacci level above and below, with labels telling you which fib levels they are.
(The fibonacci levels can be turned on or off in the indicator settings input tab.)
Volume Weighted Moving Averages With Clouds – The red or green moving averages should be treated as dynamic as well as a visual way of telling current price trends. You can expect price to bounce off of these moving averages very often and quick moves usually happen when price breaks out of these moving averages.
The safest long trades you can take will be when the 100 is above the 500 and you get a BULL signal that is very close to the 100 or 500. The safest short trades you can take will be when the 100 is below the 500 and you get a BEAR signal that is very close to the 100 or 500.
When the moving averages squeeze together and price bounces between them, you can expect big moves in price when it breaks out. If price has been trending up and the moving averages squeeze together, expect the price to fall quickly once it breaks down from there. If price has been trending down and the moving averages squeeze together, expect the price to jump quickly once it breaks out from there.
These moving averages and the clouds associated with them will paint green when price is above them, indicating a and they will change to red when price is below the moving averages, indicating a .
You can also use the moving averages as levels when markets are moving sideways. Since these are weighted moving averages, price tends to stick to them very well and paints a much clearer picture of what is going to happen than regular moving averages that don’t take into account. Try it on a bunch of different timeframes and charts to see for yourself.
(The moving averages and clouds can be turned on or off in the indicator settings input tab.)
Bounce Zone – The bounce zone is a purple cloud that is made up of two very long term moving averages. When price is trending above this cloud and comes back down to it, you can expect the price to bounce back upwards in this zone. If the price is trending below this cloud and comes up to it, you can expect the price to bounce back downwards when it reaches this zone.
Sometimes price will break through this cloud and you will usually notice a lot of choppy price action and accumulation in this zone. When price does break out of it, you can expect fast, large moves. I also like to call this zone the safe zone because taking trades as mentioned in this zone is typically a very safe place to enter trades depending on how the price is trending before it entered this zone. If you look at the cloud on any of your favorite charts, you will see that the cloud usually represents areas quite well.
(The bounce zone can be turned on or off in the indicator settings input tab.)
Chop & Low Warnings – When price is choppy, it can be a portfolio killer. When is low, it can give false signals or the market can reverse easily, so stay out of trades when these warning labels appear on your chart. If you were already in a trade when these warnings appear, keep a close eye on your trades and be ready to exit if things start to go the wrong way.
Long & Short Entry Calculator – Here you can enter your own entry price for short or long positions so that your actual P&L will be shown live on your chart. This eliminates the need to calculate percentages in your head or switch screens to your broker often or use the measuring tool to calculate your P&L. These will show as zero until a trade price is entered.
Margin Multiplier – If you use margin to trade, enter your margin multiplier in this input and all of the percentages in the percentage update table will reflect how far each level is based on your margin. So a 5x margin will multiply all percentages in the chart by 5 and so on. This way you don’t have to calculate everything in your head or switch between your chart and your broker constantly.
Customization – Go into the indicator settings and you can customize just about everything to suit your style. In the Input tab you can: turn the Bull or Bear labels off or on so you only get the signals that are going in the direction of the trend, turn on or off the moving average lines & clouds, turn on or off the & clouds, set your fibonacci timeframe or turn them off completely and set your long or short entry price as well as your margin level for percentage updates according to your portfolio.
You can also easily customize: the moving average lines & clouds, the bounce zone lines and cloud, the color and line style, the line colors and thickness, the bull and bear label styles, the take profit label styles and more.
This indicator can be used as a signal on all markets, including stocks, crypto, and forex as long as Tradingview has enough data to support the calculations needed by the algo.
Trend Friend can be used on all timeframes.
Any 8 Moving Averages - Alerts, Clouds & Percentages
This is a fully customizable moving average cloud with alerts. It has 8 moving averages that can be individually set to any type such as:
You can individually change the length, colors, type of moving average and turn them off for those of you that only want a few moving averages on your chart at once.
There is also a percentage gap table that tells you how far away the price is from each moving average which are labeled accordingly.
You can also set alerts for when price crosses each moving average.
When all the moving averages are green, buy dips down to the next lower moving average. When all the moving averages are red, short the tops up to the next moving average.
Trade in the direction of the trend and wait for all lines to turn one color before taking trades in that direction.
Make sure there is a big enough percentage gap to the next moving average before taking a trade.
This indicator can be used as a signal on all markets, including stocks, crypto, and forex.
This moving average can be used on all timeframes.
VIX Volatility Trend Analysis With Signals - Stocks Only
This indicator is a visual aid that shows you the
This indicator is meant for stocks with a lot of price action and , so for best results, use it on charts that move similar to the S&P 500 or other similar charts.
This indicator uses real time data from the stock market overall, so it should only be used on stocks and will only give a few signals during after hours. It does work ok for crypto, but will not give signals when the US stock market is closed.
For more signals with earlier entries, go into settings and reduce the number. 10-100 is best for scalping. For less signals with later entries, change the number to a higher value. Use 100-500 for swing trades. Can go higher for long swing trades. Our favorite settings are 20, 60, 100, 500 and 1000.
If you are using this on an inverse and the signals are showing backwards, please comment with what chart it is and I will configure the indicator to give the correct signals. I have included over 50 inverse ETFs into the code to show the correct signals on inverse charts, but I’m sure there are some that I have missed so feel free to let me know and I will update the script with the requested tickers.
This indicator should only be used on the US stock markets as signals are given based on the index which measures of the US Stock Markets.
This indicator works on all time frames, but after hours will not change much at all due to the markets being closed.
Day Trading Tutorials
Join Our FREE Trading Group For Helpful Insights
Join our Facebook group to learn about new indicators when we release them, how-to and tutorial videos, trading setups & ideas, trading technique discussions and community support. Our group is dedicated to helping people become better traders and supporting each others journey to consistent profitable trading.
We welcome traders of all skill levels and even people brand new to trading. Keep an eye on the sticky posts in the group for need to know information and be on the lookout for new indicators!
You can find our group by clicking the button below or by searching for Stock & Crypto Trading Strategies on Facebook.