PT Buy Sell Indicator

Version 1.0 of our Buy & Sell indicator helps determine when a time-frame is ready for a possible reversal. The indicator is primarily based on the movement & behavior of the RSI. We recommend using the indicator on Binance exchange (USDT) with H1, H2, H3 & H4 time frames. We have put together a video with a strategy on how to take the signals best. Please watch the video to understand how to use it. You can also ask us questions in our discord to better understand the indicator.

There are currently two different settings that come with the indicator. Our aggressive & standard toggle each offer various set of signals.

- Aggressive toggle: more signals throughout multiple time-frames. Recommended for the more advanced traders that can combine technical analysis with their setups. Best time-frame H3, H4 & H12. (Use Reduce Signal Threshold input #7+)
- Standard toggle: fewer signals with a bit less risk. Recommended for traders that are just starting. Best time-frame 15m, 30m, H1, H2, 3D & 5D (Use Reduce Signal Threshold input #4)

The buys & sells are not in-sync with each other. They tend to fire independently when the specified time-frame is ready for a possible reversal.

The most successful method we structured for the buy/sell indicator is combining the PT STx & the PT Top/Bottom Bands (both included in our library). The PT Top/Bottom Bands helps you gauge the closest trouble area. When signals fire, we look at our top/bottom band indicator to find an entry as close to support/resistance as possible. The bands are isolated & color-coordinated.

Red Band - Overbought zone
Gray Bands - Within the range
Orange Band - Our EQ (middle of the range)
Green Band - Oversold zone

This eliminates the guessing game that invalidates your trade setup. The best risk to reward is taking sell signals (shorts) as close to the red band while targeting the orange band (eq) & taking buy signals as close to the green band while targeting the orange band (eq).

There are four different inputs that you can tweak to cater to your trading style. Each input is customizable based on the time frame. We get into detail about this in our video. Watch the video & do not take signals blind!

The secret sauce to having the highest success rate is to take the signals only when the PT STx (included in our library) has fired its algorithm.
This is an invite-only script. Please message us for access to our whole library.

As we keep making progress with our indicators, you will be granted access to each of them as long as you are a Pattern Trader member!

There will be limited access to our library until version 2.0 is released.

Versionshinweise:

V 1.2

Update: Made the original aggressive inputs as default. Put the option for conservative, which will override all settings. Please use the default inputs for the aggressive settings as they work best.

Versionshinweise:

V 1.3

Update: I modified the bands to interact with the aggressive settings.

Versionshinweise:

V 1.4
- Added alerts for both buys & sells
- Redefined the Reduce Signal Threshold to the following options: High, Default, Low

High would offer additional signals more on the sensitive side. Default is our preferred setting, which creates a balance in the signals. Low would offer fewer signals overall with less risk (more favorable for lower time-frames).
The conservative toggle would further lessen the risk by limiting the signals.

Versionshinweise:

V 1.5
- Fixed repainting issue.

Versionshinweise:

V 1.6
- Added Heikin-Ashi toggle in case you want to see signals in Heikin-Ashi mode without modifying your chart.

Versionshinweise:

V 2.0

-Added TD Sequential countdown numbers 8 & 9

Versionshinweise:

V 2.1

-Fixed open candle TD print

Versionshinweise:

V 2.2
-Signals now appear before candle close.

Open candle signals can be rewarding when one has a grasp on price action. Best to wait for candle close to confirm signal if you have trouble understanding what an open candle signal is.