RED: Buy, Sell & Targets

vor 3 Tagen

RED: Buy, Sell & Targets

What it is

- Buy & Sell Alerts — a multi-factor scoring engine that highlights potential reversal/exhaustion areas for both longs and shorts.
- Buy & Price Target — a bottom-finder that proposes the nearest meaningful upside target and tracks hits.

Both modules can be toggled independently in the settings; they’re enabled by default.

How to read the chart

1) Buy/Sell panel (scored signals)

- Each bar receives a Buy score and a Sell score from 0 to 10.

- When the score passes the adaptive threshold, you’ll see:

A transparent label (hover to see a checklist tooltip).
If the score is very high, a colored badge with the number appears near the bar.

- Color intensity ≈ conviction (deeper green/red = stronger confluence).
- Small dots mark qualified signals with scores below the “very high” tier.

Score interpretation (rule of thumb)

- 7+: Valid setup (moderate confluence).
- 8+: Stronger confluence.
- 9–10: High-conviction / rare events.

The minimum score to confirm a signal adapts to the timeframe; higher timeframes naturally demand comparable or slightly lower scores.

Note: On symbols without usable volume, you’ll see a top-right warning and the maximum possible score becomes 9.

2) Buy & Target panel (entries + exits)

- When a qualified bottom is detected and the nearest overhead structure offers enough room, a BUY label shows:

💰 Entry (close of the signal bar)
🎯 Target (nearest pivot-based objective above price)

- When price tags the target later, the script prints a 🎯 exit marker above that bar.
- A live stats table (top-right) summarizes Buys, Wins, Open trades, Win rate, Net P&L % for these target plays.

Alerts

This indicator ships with multiple alert conditions, including:

- Buy/Sell score tiers (e.g., “BUY ≥ 9”, “SELL ≥ 9”)
- Target module (“🎯 BUY (target ≥3%)”, “🎯 Target reached”)

Important: The checkboxes in settings only authorize alerts to fire; you still need to create alerts in TradingView and choose the desired condition.

Practical tips

- Prefer bar close for decisions and alerts to reduce noise.
- Cross-check signals across multiple timeframes (e.g., daily with intraday).
- Use the score as a confidence meter, not as an all-in trigger; combine with your risk management.

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