TriexDev - SuperBuySellTrend (PLUS+)

Xeirt Updated   
Minimal but powerful.

Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools. (This is the expanded/PLUS version)

Github Link for latest/most detailed + tidier documentation

Base Indicator - Script Link

TriexDev - SuperBuySellTrend (SBST+) TradingView Trend Indicator


SBST Plus+

Using the "plus" version is optional, if you only want the buy/sell signals - use the "base" version.

## What are vector candles?
Vector Candles (inspired to add from TradersReality/MT4) are candles that are colour coded to indicate higher volumes, and likely flip points / direction changes, or confirmations.

These are based off of PVSRA (Price, Volume, Support, Resistance Analysis).
You can also override the currency that this runs off of, including multiple ones - however adding more may slow things down.

PVSRA - From MT4 source:

  • Situation "Climax"
  • Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars
  • where the product of candle spread x candle volume is >= the highest for the 10 previous
  • chart time TFs.
  • Default Colours: Bull bars are green and bear bars are red.

  • Situation "Volume Rising Above Average"
  • Bars with volume >= 150% of the average volume of the 10 previous chart TFs.
  • Default Colours: Bull bars are blue and bear are blue-violet.

A blue or purple bar can mean the chart has reached a top or bottom.
High volume bars during a movement can indicate a big movement is coming - or a top/bottom if bulls/bears are unable to break that point - or the volume direction has flipped.

This can also just be a healthy short term movement in the opposite direction - but at times sets obvious trend shifts.

## Volume Tracking
You can shift-click any candle to get the volume of that candle (in the pair token/stock), if you click and drag - you will see the volume for that range.

## Bollinger Bands
Bollinger Bands can be enabled in the settings via the toggle.

Bollinger Bands are designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold (bottom lines) or overbought (top lines).

>There are three lines that compose Bollinger Bands: A simple moving average (middle band) and an upper and lower band.

>The upper and lower bands are typically 2 standard deviations +/- from a 20-day simple moving average, but they can be modified.


Base Indicator

## What is ATR?
The average true range (ATR) is a technical analysis indicator, which measures market volatility by decomposing the entire range of an asset price for that period.

The true range indicator is taken as the greatest of the following:
- current high - the current low;
- the absolute value of the current high - the previous close;
- and the absolute value of the current low - the previous close.

The ATR is then a moving average, generally using 10/14 days, of the true ranges.

## What does this indicator do?
Uses the ATR and multipliers to help you predict price volatility, ranges and trend direction.

> The buy and sell signals are generated when the indicator starts
plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.

> It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.

> A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it will be less effective in a sideways-moving market.

Thanks to KivancOzbilgic who made the original SuperTrend Indicator this was based off


## Usage Notes

Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy.
If you want to break it yourself (I couldn't find anything that tested more accurately myself), you can do so in the settings once you have added the indicator.

Basic rundown:
- A single Buy/Sell indicator in the dim colour; may be setting a direction change, or just healthy movement.
- When the brighter Buy/Sell indicator appears; it often means that a change in direction (uptrend or downtrend) is confirmed.

You can see here, there was a (brighter) green indicator which flipped down then up into a (brighter) red sell indicator which set the downtrend. At the end it looks like it may be starting to break the downtrend - as the price is hitting the trend line. (Would watch for whether it holds above or drops below at that point)

Another example, showing how sometimes it can still be correct but take some time to play out - with some arrow indicators.

Typically I would also look at oscillators, RSI and other things to confirm - but here it held above the trend lines nicely, so it appeared to be rather obvious.

It's worth paying attention to the trend lines and where the candles are sitting.
Once you understand/get a feel for the basics of how it works - it can become a very useful tool in your trading arsenal.

Also works for traditional markets & commodities etc in the same way / using the same ATR multipliers, however of course crypto generally has bigger moves.


You can use this and other indicators to confirm likeliness of a direction change prior to the brighter/confirmation one appearing - but just going by the 2nd(brighter) indicators, I have found it to be surprisingly accurate.

Tends to work well on virtually all timeframes, but personally prefer to use it on 5min,15min,1hr, 4hr, daily, weekly. Will still work for shorter/other timeframes, but may be more accurate on mid ones.


This will likely be updated as I go / find useful additions that don't convolute things. The base indicator may be updated with some limited / toggle-able features in future also.
Release Notes:
## Up/Down Volume Analysis
Quickly lets you check whether the market is buying or selling.

Volume analysis can be enabled via a toggle in the settings, you can also change the colours & opacity of the bars.

Buy volume is above 0 (positive), sell volume is below 0 (-negative) on the chart.

It will show the Buy + Sell volume for each candle on the timeframe you are viewing.
Release Notes:

Further inspirations from TradersReality/MT4.

## Added 50,200,800 EMA lines
Moving Averages help to work out the current trend / direction. (eg, often; above 200 = bullish, below 200 = bearish) I tend to watch the 50+200 day MA locations and crossovers as primary trendlines for general use.

## Added Psy Levels, Daily/Weekly Hi-Lo & Daily Open prices
Psychological & daily levels help to confirm, or find pivot points. (I personally sometimes switch off to reduce the amount of lines on the chart, but can be very useful)

## Tidied and rearranged settings
Made it easier to follow, Bollinger Bands & Volume Analysis are set to disabled by default

With all the "+" indicators turned on, it may look a little confusing at first glance - but if you switch them on and off you should be able to quickly work out what each one is / means, as well as work out your preferences.

GitHub Pull Request for ref

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.


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.

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