Designed to identify potential buying opportunities with high reliability, particularly on the daily timeframe. It combines multiple technical analysis tools to generate signals with enhanced accuracy and flexibility.
Key Features: Multi-Condition Analysis:
RSI (<55) and Stochastic Oscillator (<55) to detect oversold conditions. Bollinger Band proximity for price reversals. Volume spikes to confirm market interest. 50-day Moving Average to ensure trend alignment. Early Signal Detection:
Includes a 10-day and 20-day SMA crossover for additional confirmation. Relaxed thresholds to capture trends earlier. Customizable Parameters:
The thresholds for RSI, Stochastic, and volume are adjustable for different trading styles. How to Use: Use this indicator on daily timeframes for swing trading. Look for the green 'BUY' label below the candles as the entry signal. Combine with other tools (e.g., support/resistance levels, candlestick patterns) for additional confirmation.