Chesterfield

TradingView FRK-buy/sell Indicator

Overview:

The FRK-buy/sell Indicator is a powerful tool designed to assist traders in identifying potential buy and sell opportunities using fractal reversal patterns. This indicator helps traders make informed decisions by highlighting specific entry points within defined market zones.

Key Features Fractal Reversal Patterns: The indicator detects bullish and bearish reversal patterns based on fractal formations.

Signals:

Buy Signal: Indicated by a green label below the bar when a bullish pattern is detected within the buy zone. Sell Signal: Indicated by a red label above the bar when a bearish pattern is detected within the sell zone.

Additional Signals: Shown as blue circles (for buys) or magenta circles (for sells), these are based on more complex conditions and provide extra trading opportunities.

Wick Signals: Displayed as lime triangles (for buys) or maroon triangles (for sells), these signals are triggered when price wicks touch certain levels and meet specific conditions.

Re-offer Signals: Buy or sell signals shown as blue triangles (for buy re-offers) or red triangles (for sell re-offers), indicating potential reversal points on pullbacks when the price revisits a certain level), indicating potential reversal points on a pullback from an initiative bid/offer. Note: Re-offer Entry Signals are generally re-offers or re-bids. They should only be utilized when a minor pullback from an initiative move exists. They are not strong signals if it is not a re-offer/bid.

How to Use Setup: The indicator adapts to different volatility regimes to provide accurate analysis.

Buy Signals: Look for bullish reversal patterns within the predefined fractal buy zone, highlighted in green. Sell Signals: Watch for bearish reversal patterns within the predefined fractal sell zone, highlighted in red.

Customization Options: Show/Hide Signals: Users can choose to show or hide the various buy/sell signals through the input options. Use the input option to toggle the display of buy/sell signals based on your trading strategy. Adjustable Parameters: Parameters such as ATR period

This indicator is a valuable addition to any trader's toolkit, providing actionable trading insights.

Disclaimer The FRK-buy/sell Indicator is intended for educational and informational purposes only. It should not be considered financial advice. Always do your own research and consult with a professional financial advisor before making any trading decisions.