Buyers in Control

█ OVERVIEW

The "Buyers in Control" indicator identifies periods when buying pressure dominates the market by combining three key technical factors:

✓ Price Momentum - Price trading above exponential moving average
✓ Volume Confirmation - Current volume exceeding average (strong participation)
✓ RSI Strength - Momentum indicator confirming bullish bias

When all three conditions align, the indicator signals that buyers are in control of the market.

█ HOW IT WORKS

The indicator evaluates three independent conditions:

1. PRICE POSITION: Close > EMA(21)
→ Confirms price is in an uptrend

2. VOLUME SURGE: Volume > SMA(20) × 1.2
→ Validates that the move has genuine buying interest

3. MOMENTUM: RSI(14) > 50
→ Ensures bullish momentum is present

Only when ALL three conditions are true does the indicator confirm buyer control.

█ KEY FEATURES

• Real-time Dashboard - Shows status of each condition (✓/✗)
• Visual Alerts - Green background + labels when buyers take control
• EMA Reference Line - Visual trend indicator
• Customizable Parameters - Adjust sensitivity for any market/timeframe
• Built-in Alerts - Notification when control shifts to buyers
• Clean Code - Well-documented Pine Script v6

█ SETTINGS

Price Momentum:
- EMA Length (default: 21) - Shorter = faster signals, Longer = more conservative

Volume Confirmation:
- Volume Multiple (default: 1.2) - Higher = requires stronger volume
- Volume SMA Length (default: 20) - Lookback period for average volume

RSI Momentum:
- RSI Length (default: 14) - Standard RSI calculation period
- RSI Threshold (default: 50) - Minimum RSI for buyer control

Display:
- Toggle background, labels, EMA line, and customize colors

█ USE CASES

• Trend Confirmation - Validate bullish moves before entering long positions
• Filter Weak Rallies - Avoid low-volume pumps that often reverse
• Multi-Timeframe Analysis - Check buyer control across multiple charts
• Alert System - Get notified when market regime shifts to buyers

█ BEST PRACTICES

✓ Works best in trending markets (avoid choppy/ranging conditions)
✓ Combine with support/resistance for optimal entries
✓ Test different EMA lengths for your specific asset/timeframe
✓ Use alongside risk management rules (stop losses, position sizing)
✓ Consider the dashboard to see which conditions are missing

█ TIMEFRAMES

Suitable for all timeframes:
• Intraday: 1m-15m (use EMA 9 for faster signals)
• Swing: 1h-4h (default settings work well)
• Position: Daily-Weekly (use EMA 50 for conservative signals)

█ TECHNICAL NOTES

• Pine Script v6 - Latest version for optimal performance
• No repainting - All calculations based on closed bar data
• Lightweight - Minimal CPU usage
• Open Source - Full code available for review and modification

█ ALERT CONDITIONS

1. "Buyers Take Control" - Fires when all three conditions become true
2. "Buyers Lose Control" - Fires when any condition breaks

█ LIMITATIONS

⚠ Not a standalone trading system - use as a confluence tool
⚠ May generate false signals in sideways/choppy markets
⚠ Volume data unavailable on some forex pairs (use tick volume)
⚠ Lagging by nature - confirmatory indicator, not predictive

█ CREDITS

Indicator combines classic technical analysis principles:
• EMA for trend direction
• Volume analysis for validation
• RSI for momentum confirmation

No proprietary algorithms - transparent, time-tested methods.