YABSI, nice buy/sell signals

Look at the Red/Green dots on the candle chart.



This is a nice Buy/Sell indicator that will give you good signals.

Green on Bottom = Buy Signal.
Green on Top = Keep your long until you get a Red on top signal.

Red on Top = Sell.
Red on Bottom = Stay with your short until you get a green on bottom.

input signalOffsetFactor = 0.20;

def signalOffset = AvgTrueRange(high,close,low,9)*signalOffsetFactor;plot Data = hlc3;

def triggerSell = if(if(close[-1] < high, 1, 0) and (hlc3[-2] < close[-1] or hlc3[-3] < close[-1]), 1, 0);

def triggerBuy = if(if(close[-1] > low, 1, 0) and (hlc3[-2] > close[-1] or hlc3[-3] > close[-1]), 1, 0);

rec buySellSwitch = if(triggerSell, 1, if(triggerBuy, 0, buySellSwitch[1]));

def thirdBarClosed = if(IsNaN(hlc3[-3]), 0, 1);

plot SBS = if(triggerSell and thirdBarClosed and !buySellSwitch[1], high+signaloffset, if(triggerBuy and thirdBarClosed and buySellSwitch[1],low-signaloffset, double.nan));

SBS.SetStyle(curve.FIRM);
SBS.SetPaintingStrategy(paintingStrategy.LINE_VS_POINTS);
SBS.SetLineWeight(2);

SBS.AssignValueColor(if triggerSell then
if thirdbarclosed then
#UpPos
CreateColor(255, 0, 0) else
#UpNeg
CreateColor(255, 0, 0)
else if Triggerbuy then
#DnPos
CreateColor(0, 255, 0) else
#DnNeg
CreateColor(0, 255, 0));