Bull&Bear Signals by uykusuzpenguen

How to use Bull&Bear Signals Script
Purpose: We developed this indicator for short and middle term buyer and seller small inverstor.
Scope of Script: This script should use stock markets and digital currency markets. We are not recommend this script for use in any other assets.
General Approaching: While this script creating, mostly take support, highest high price & lowest low price, volume and RSI . We strongly recommending to use 4h,1d,1w time frame on the graph.
Purple Point: If a bar volume more than volume moving average four times
Grey Point : If a bar volume less than volume moving average four times
Turquois Bar Color : If a bar RSI level more than 75 ( Overbought areas )
Purple Bar Color : If a bar RSI level less than 25 ( Oversell areas )
Note: We don’t want all your graphs filling text and line etc. But generally spectacular price movement become after that points. That’s why we think this notation will be usefull.
Important Warning: Please do your risk management . This formula does not eliminate the possibility that it may mislead you in the next process.
Take risk and set a stop-loss

This scripts calculate previous 3 bar from current bar to prev. 26 bar highest high and lowest lowe price and drawing on board. This lines just like a bollinger band but not. If price closing upper line , price wants to down and if price closing bottom line , price wants to up, like a bollinger band . But we will not to use this script like this
For safety buy point ; Price should fall bottom line and again rise over the bottom line completely.
For sell point ; Price should rise over the upper line and again fall the upper line completely.

For Detailed Description in English :

Detaylı Türkçe Anlatım için :
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Nice and clean awesome work and excellent work on the documentation.

Really appreciate you sharing this and your time and effort
@kkhaial, thank you for your compliment, new scripts coming, keep in touch.
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