OPEN-SOURCE SCRIPT
Buy/Sell Rating
Updated
Identifies prices above and below input percentile thresholds over the input length of time. Use to identify buy/sell opportunities relative to recent pricing. Also provides percent of price distance from moving average over the same length.
Release Notes
Added option to allow buy signals above support level.Release Notes
Correcting mistake in plot.Release Notes
Added option to only show sell signal if source>target percentile over length.Release Notes
Changed direction of logic for sell signal below resistance option to align with direction of buy above support option.Release Notes
Change overlay default to false.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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