TradingView Buy-Sell Indicator Overview

Introduction

• Showcase of a buy-sell indicator on TradingView
• Generated a profit of $10,547 through live trading
• Valuable insights for beginners and experienced traders

Indicator Details

• SBS ALGO Indicator: Primary buy-sell signal indicator
• Shan Momentum Oscillator: Blue line indicator used in the setup

Setting Up the Trading Tool

1. Open BankNinthi 5-Minute Chart
2. Add Indicators:
   • Search for "SBS ALGO" in TradingView and add it to the chart
   • Search for "Shan Momentum Oscillator" and add it to the chart
3. Configure SBS ALGO Settings:
   • Hide "by below" and "sell above"
   • Change ADX level from 15 to 22
   • Change Oscillator MA type from EMA to SMA
   • Change Signal MA type from EMA to SMA
   • Change Pivot Length from 20 to 10
   • Change Degree of Slope from 1.9 to 2
4. Configure Shan Momentum Oscillator:
   • Change Length from 9 to 6

Trade Examples

Buy Signal Conditions

• SBS ALGO gives a buy signal
• Shan Momentum Oscillator line is above 0
• Market forms a bullish candle
• Action: Place a buy order
• Stop Loss: Previous low
• Risk-Reward Ratio: 1:1.5

Example Trades

• Multiple examples where the conditions are met and trades run in profit. (Repeated success pattern noted)

Sell Signal Conditions

• SBS ALGO gives a sell signal
• Shan Momentum Oscillator line is below 0
• Market forms a bearish candle
• Action: Place a sell order
• Stop Loss: Previous high
• Risk-Reward Ratio: 1:1.5

Conclusion

• Recap of successful trades using the indicators
• Encouragement to like the video and subscribe for more trading strategies
• Invitation to leave comments about personal trading journeys

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