Institutional Buy & Sell v6: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Two buy styles can be enabled: accumulation after a bottom, and momentum breakout. A market regime filter can require the SPY index above its 200 EMA, and sell signals can be dampened in strong uptrends. Optional zones and stop loss, take profit and ATR trailing stop levels are drawn.

Accumulation and momentum breakout buy modes
Fast and slow EMA trend filter with weekly check
Volume spike and RSI conditions
Optional support and resistance zones
ATR trailing stop with stop and target display

Details

Published by

sean-ccho on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Stocks

Timeframes

H4 and above

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

pine/institutional_buy_sell.pine

Repository

github.com/sean-ccho/Project_1. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Fast EMA	`int`	`50`	`ema_fast`
Slow EMA	`int`	`200`	`ema_slow`
Weekly Trend Confirmation (Higher TF)	`bool`	`true`	`useWeeklyTrend`
Volume MA Length	`int`	`20`	`vol_len`
Volume Spike Mult	`float`	`1.5`	`vol_mult`
RSI Length	`int`	`14`	`rsi_len`
RSI Overbought	`int`	`70`	`rsi_ob`
RSI Oversold	`int`	`30`	`rsi_os`
Show BUY signals	`bool`	`true`	`show_buy`
Show SELL signals	`bool`	`true`	`show_sell`
Show Support/Resistance Zones	`bool`	`true`	`show_zones`
Show Stop Loss / Take Profit	`bool`	`true`	`show_sl_tp`

Show all 17 settings

Setting	Type	Default	Variable
Trailing Stop ATR Multiplier	`float`	`3.0`	`trailAtrMult`
Enable Accumulation BUY (Bottom Reversal)	`bool`	`true`	`enableAccumBuy`
Enable Momentum BUY (Breakout)	`bool`	`true`	`enableMomentumBuy`
Market Regime Filter (SPY EMA200)	`bool`	`true`	`enableRegimeFilter`
Dampen SELL in Strong Uptrends	`bool`	`true`	`trendDampeningSell`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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