INVITE-ONLY SCRIPT
BADSHAHI TRADING
TradingView indicator that posts buy and sell signals along with support and resistance levels, you need to develop a Pine Script that identifies key support and resistance levels and then displays buy and sell signals based on certain conditions. Here's a breakdown of how to approach this:
1. Support and Resistance Basics
Support and resistance are critical concepts in technical analysis:
Support: This is a price level where an asset tends to find buying interest, preventing the price from dropping further.
Resistance: This is a price level where selling pressure tends to increase, preventing the price from rising further.
To detect support and resistance, we typically use methods like pivot points, recent swing highs/lows, or price levels that have repeatedly reversed direction in the past.
2. Buy and Sell Signals
Buy and sell signals are often generated based on certain criteria like:
Price crossing above or below a moving average
Candlestick patterns (like Doji, engulfing)
Breakouts from support/resistance levels
In this example, we’ll consider a simple strategy where:
Buy signal is generated when the price breaks above resistance.
Sell signal is generated when the price breaks below support.
________________________________________
Warning:
• While this indicator aids in decision-making and risk management, no indicator is 100% accurate.
• Always consider broader market conditions and apply sound risk management techniques.
1. Support and Resistance Basics
Support and resistance are critical concepts in technical analysis:
Support: This is a price level where an asset tends to find buying interest, preventing the price from dropping further.
Resistance: This is a price level where selling pressure tends to increase, preventing the price from rising further.
To detect support and resistance, we typically use methods like pivot points, recent swing highs/lows, or price levels that have repeatedly reversed direction in the past.
2. Buy and Sell Signals
Buy and sell signals are often generated based on certain criteria like:
Price crossing above or below a moving average
Candlestick patterns (like Doji, engulfing)
Breakouts from support/resistance levels
In this example, we’ll consider a simple strategy where:
Buy signal is generated when the price breaks above resistance.
Sell signal is generated when the price breaks below support.
________________________________________
Warning:
• While this indicator aids in decision-making and risk management, no indicator is 100% accurate.
• Always consider broader market conditions and apply sound risk management techniques.
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系subhivarsha。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
________________________________________
Warning:
• While this indicator aids in decision-making and risk management, no indicator is 100% accurate.
• Always consider broader market conditions and apply sound risk management techniques.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系subhivarsha。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
________________________________________
Warning:
• While this indicator aids in decision-making and risk management, no indicator is 100% accurate.
• Always consider broader market conditions and apply sound risk management techniques.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。