joinfree

BuySellSignal

// Script created by JoinFree
// BuySellSignal for Forex traders the-real-trader.com
// Buy Long when you see a Green colour bar
// Sell Short when you see a Red colour bar

// BollingerBands added for reference
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?
study(title="GreenRedSignal", shorttitle="BuySellSignal", overlay=true)
// Script created by JoinFree
// BollingerBands added for reference
// Buy Long when you see a Green colour bar 
// Sell Short when you see a Red colour bar
mysignal = ema(close, 12) - ema(close, 26)
barcolor(mysignal[0] > mysignal[1] ? green : red)
source = close
length = input(20, minval=1), mult = input(2.0, minval=0.001, maxval=50)
basis = sma(source, length)
dev = mult * stdev(source, length)
upper = basis + dev
lower = basis - dev
plot(basis, color=red)
p1 = plot(upper, color=blue)
p2 = plot(lower, color=blue)
fill(p1, p2)