Smart Buyer by [Imagine Income]

Smart Buyer Indicator
The "Smart Buyer" indicator identifies optimal entry points for long positions by analyzing the behavior patterns of institutional investors and smart money. This indicator helps traders find the best buying opportunities when professional traders typically accumulate positions.
Key Criteria
The indicator combines multiple technical analysis factors to identify smart buying opportunities:
RSI Oversold Conditions

Detects oversold levels (but not extreme) to avoid catching falling knives
Filters out panic selling while identifying genuine buying opportunities

Price Near Lower Bollinger Band

Identifies when price is trading near the lower Bollinger Band
Ensures buying at the best possible prices within the current range

Increased Volume

Confirms buyer interest through above-average volume
Validates the legitimacy of the potential reversal

Uptrend Confirmation

Only triggers buy signals in an overall upward trend
Ensures alignment with the dominant market direction using EMA crossovers

Reversal Candlestick Patterns

Detects hammer and doji formations
Identifies potential reversal points at key support levels

Proximity to Support Levels

Analyzes pivot lows to identify technical support zones
Increases probability of successful entries near established support

Signal Types
🟢 SB (Smart Buy)

Standard smart buyer signal when multiple criteria align
Indicates a good entry opportunity for long positions

🟢 SB+ (Strong Buy)

Enhanced signal with all criteria met plus low volatility
Represents the highest probability entry points

Visual Elements
Green Background Zone

Highlights optimal buying areas
Shows price ranges where smart money typically accumulates

Yellow Dotted Lines

Mark key support levels based on pivot analysis
Help identify areas where price is likely to find buying interest

Information Table

Real-time display of all indicator parameters
Shows current status of RSI, volume, trend, and other factors
Color-coded for quick assessment (green = bullish, red = bearish)

Settings & Customization
Fully Customizable Parameters

RSI period and oversold levels
Bollinger Bands settings (period and multiplier)
EMA periods for trend analysis
Volume threshold multipliers
Pivot analysis periods

Alert System

Built-in alerts for both standard and strong buy signals
Customizable alert messages for different signal types

Display Options

Toggle signals, zones, and support levels independently
Adapt the indicator appearance to your charting preferences

Optimal Usage
Best Timeframe: Daily

Designed primarily for daily timeframe analysis
Filters out short-term noise while capturing meaningful reversals

Market Application

Works best in trending markets with periodic pullbacks
Ideal for swing trading and position building strategies
Helps identify accumulation zones used by institutional investors

Trading Logic
This indicator replicates the behavior of smart money by:

Buying pullbacks in uptrending markets rather than chasing momentum
Using limit orders at technical support levels
Confirming entries with volume and momentum indicators
Avoiding panic selling by filtering extreme oversold conditions

The Smart Buyer indicator helps retail traders think and act like institutional investors, focusing on high-probability setups where risk-reward ratios are most favorable.