Intraday BUY/SELL — Indicator by nicks1008

simplemovingaverage relativestrengthindex crudeoil scalp intraday signals oiltrading oil scalping buysellsignal

BUY & SELL Scalp Signals for Crude Oil Future Contracts (Or it can be used with any scrip with good amount of Volume) based on Sma & RSI overbought/oversold alert (!) for possible reversal indication.

Take Buy position only if candle breaks the high of alert candle & for Sell positions, take position if candle breaks low of the alert candle.

Best to perform with 3 min timeframe on Crude Oil Futures

Release Notes:

BUY & SELL Scalp Signals for Crude Oil Future Contracts (Or it can be used with any scrip with good amount of Volume ) Or Forex based on Sma & RSI overbought/oversold alert (!) for possible reversal indication.

Take Buy position only if candle breaks the high of alert candle & for Sell positions, take position if candle breaks low of the alert candle.

Best to perform with 3 min timeframe on Crude Oil Futures

Update :
You can now add alerts for reversals (!) signals

Release Notes:

Added "Buy Only" & "Sell Only" separate Alert types.

Release Notes:

More updates coming soon!

Release Notes:

•Converted to version 5
•Added new Alert types - Reversal from Top & Reversal from Bottom
•Minor changes in Look and feel + different colours for Alert Bars.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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