1Copy the scriptPress Copy script above, or the copy button on the code below.
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
70 lines of Pine Script v5 from Tradingview/mrhyh21-buy-sell.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
Mrhyh21 Buy Sell plots buy, strong buy, sell, and strong sell labels directly on the price chart when the Parabolic SAR direction aligns with specified RSI threshold levels. Users can customize the RSI thresholds for standard and strong signals, toggle visual state highlighting, and adjust display colors.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Bull Color
color
color.green
bull_css
Bear Color
color
color.red
bear_css
Show Buy/Sell Labels ?
bool
true
showLabels
Highlight State ?
bool
true
highlightState
Buy Above
int
50
rsi_long
Strong Buy Above
int
57
rsi_stronglong
Sell Below
int
50
rsi_short
Strong Sell Below
int
43
rsi_strongshort
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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