Free Buy-Sell Indicator with Surprising Win Rate Tradingview Indicator

TradingView is an essential tool for traders across various markets like stocks, forex, and crypto. One of the key features that makes TradingView stand out is its customizability through Pine Script, allowing users to create and use custom indicators to boost their trading strategies. Among the vast array of indicators available, the Free Buy-Sell Indicator with a surprising win rate is catching the attention of traders for its effectiveness in identifying trade signals. Let’s break down this powerful indicator, its setup, and how it works for making profitable trades.

What is the Free Buy-Sell Indicator on TradingView?

The Free Buy-Sell Indicator on TradingView is designed to help traders identify clear buy and sell signals, making it an excellent tool for enhancing your trading strategy. With the help of advanced algorithms and powerful analysis, this indicator provides real-time market signals based on specific technical patterns, leading to more informed trading decisions. It works efficiently across multiple timeframes and is tailored to suit short-term traders who rely on timely buy and sell triggers.

This indicator utilizes two primary components, the SSL Channel (MissTricky) and NSDT HAMA Candles (NorthStarDay), to generate reliable buy and sell signals. Together, these elements offer a comprehensive market view, helping traders anticipate market movements and execute trades with precision.

How Free Buy-Sell Indicator with Surprising Win Rate Indicator Works on TradingView

Indicator Setup

To begin using the Free Buy-Sell Indicator on TradingView, follow these steps to set it up:

1. Timeframe Setup: The indicator is optimized for use on the 15-minute timeframe. This is ideal for traders looking for quick and actionable signals in a relatively short span of time.
2. Adding the Indicator: You need to add two specific indicators to your TradingView chart:
   • SSL Channel (MissTricky): The SSL (Smoothed Support and Resistance) Channel is a key component that helps identify market trends by smoothing price movements. It is used to visually track whether the market is in an uptrend or downtrend.
   • NSDT HAMA Candles (NorthStarDay): These candlestick patterns act as a reliable tool for spotting trend reversals. The HAMA Candles will help you pinpoint entry points by signaling price momentum shifts.

Trading Signals

The Free Buy-Sell Indicator provides clear and actionable signals for both long and short positions. These signals are generated based on a combination of the SSL Channel, HAMA Candles, and price action relative to these indicators. Here’s how you can use these signals effectively:

Long Position (Buy Signal)

A long position is initiated when the following conditions are met:

1. SSL Channel Turns from Red to Green: The SSL Channel indicator shifts from red to green, signaling a bullish market trend.
2. Buy Signal: A valid buy signal is triggered by the system, confirming that the market is ripe for a potential upward move.
3. HAMA Candle Turns Green: The NSDT HAMA Candle indicator must show a green candle, confirming positive price momentum.
4. Price Action Above the Green Line: Once the price action is above the SSL Channel’s green line, it further strengthens the buy signal.
5. Stop-Loss (SL): The stop-loss is placed at the green line, offering a risk management tool to protect your position.

By following these steps, traders can enter a long position with confidence, knowing that the system has provided a well-rounded analysis of the market conditions.

Short Position (Sell Signal)

For shorting the market, the following criteria must be met:

1. Sell Signal: A sell signal is generated when the system detects a bearish trend.
2. SSL Channel Turns from Green to Red: The SSL Channel shifts from green to red, signaling a bearish market trend.
3. HAMA Candle Turns Red: The NSDT HAMA Candle indicator must show a red candle, confirming that the momentum is in favor of a price decline.
4. Price Action Below the Red Line: The price action must be below the red line of the SSL Channel, confirming that the market is in a downtrend.
5. Stop-Loss (SL): The stop-loss is placed at the red line, protecting the trader from significant losses in case of price reversal.

By following these steps, traders can enter a short position when the market is poised for a downward movement.

Why This Indicator Works

The Free Buy-Sell Indicator on TradingView combines the power of the SSL Channel and NSDT HAMA Candles, which work together to deliver reliable signals. Here’s why these components are so effective:

1. SSL Channel (MissTricky): The SSL Channel is designed to filter out noise and provide a smooth trend line that helps traders identify when the market is in a bullish or bearish phase. This makes it easier for traders to follow the overall trend rather than getting caught up in false signals from minor price fluctuations.
2. NSDT HAMA Candles (NorthStarDay): The HAMA Candles pattern is a dynamic tool that helps traders spot trend reversals. By looking for specific candlestick formations, traders can predict the likelihood of a price shift, whether it’s a bullish or bearish move. This can lead to highly accurate entries and exits.
3. Price Action Confirmation: The indicator doesn’t just rely on these two elements. It also takes into account the price action relative to the SSL Channel’s green and red lines. This additional layer of analysis adds to the indicator’s accuracy, ensuring that trades are executed in line with the broader market direction.

Final Thoughts: The Power of Pine Script and Custom Indicators on TradingView

With the help of Pine Script, TradingView allows traders to create custom indicators like this one, making it possible to personalize your trading strategy to meet specific needs. The Free Buy-Sell Indicator’s combination of the SSL Channel and NSDT HAMA Candles, along with its integration of price action confirmation, makes it a powerful tool for traders looking to capture short-term market moves.

By following the signals provided by this indicator, traders can take advantage of timely buy and sell opportunities, all while maintaining solid risk management practices through the use of stop-losses. This gives traders a strategic edge in their trading and enhances the potential for consistent profits.

If you’re looking for a reliable and easy-to-use tool on TradingView, this Free Buy-Sell Indicator could be the key to boosting your trading success.

Pinescript of Free Buy-Sell Indicator with Surprising Win Rate Tradingview Indicator

Contact us at +91 7620658346 to access this indicator. We specialize in algorithm development for TradingView, MT4/MT5, and trading bots.
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Disclaimer

This article and any associated indicators are provided for educational purposes only. Trading financial markets involves significant risk, and profits are not guaranteed. Free Buy-Sell Indicator with Surprising Win Rate Tradingview Indicator, which may not accurately predict future market behavior. Users are advised to conduct thorough research, evaluate their risk tolerance, and consult a licensed financial advisor before making any trading decisions. The author and developer of this indicator are not liable for any losses incurred from its use. Please trade responsibly.

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