PROTECTED SOURCE SCRIPT
Kings Buy & Sell Strategy
Kings B&S
The Kings B&S indicator is a custom oscillator designed to help traders identify potential buy and sell opportunities by combining advanced smoothing techniques with dynamic overbought/oversold detection.
🔹 How it works
The indicator is based on John Ehlers’ signal processing methods, particularly the SuperSmoother filter and an EMA-based smoother, which help reduce noise while preserving meaningful price movements.
It transforms price into a normalized oscillator using logarithmic price changes, then smooths these signals to detect momentum shifts.
A moving average (SMA) of the oscillator is used as a baseline for detecting crossovers (bullish momentum) and crossunders (bearish momentum).
🔹 Key Features
Overbought/Oversold Zones
Configurable levels let traders define where the market may be overstretched.
The script dynamically tracks the lowest oscillator values during oversold conditions and the highest oscillator values during overbought conditions, ensuring signals are context-aware.
Histogram & Signal Line
The histogram highlights the difference between the signal and its moving average.
Positive values (green) suggest bullish strength, while negative values (red) suggest bearish pressure.
Buy & Sell Signals
Buy signals (▲) appear when the oscillator crosses above its baseline from an oversold level.
Sell signals (▼) appear when the oscillator crosses below its baseline from an overbought level.
Small circles (•) are plotted at every crossover/crossunder, providing extra clarity even when levels are not extreme.
Ehlers Filters for Noise Reduction
By applying Ehlers’ smoothing, the indicator minimizes false signals in choppy markets and helps focus on meaningful swings.
🔹 How to Use
Look for buy opportunities when the oscillator generates a ▲ signal from oversold conditions.
Look for sell opportunities when the oscillator generates a ▼ signal from overbought conditions.
The histogram helps visualize momentum shifts, and traders can combine this with price action, trendlines, or volume analysis for confirmation.
⚠️ Important Notes
This is not a guaranteed buy/sell system. It is a technical analysis tool intended to support decision-making.
Past performance does not guarantee future results. Always confirm signals with other strategies and risk management practices.
The script is designed for standard candlestick charts only. It should not be used for Heikin Ashi, Renko, Kagi, Point & Figure, or Range charts as they can produce misleading results.
The Kings B&S indicator is a custom oscillator designed to help traders identify potential buy and sell opportunities by combining advanced smoothing techniques with dynamic overbought/oversold detection.
🔹 How it works
The indicator is based on John Ehlers’ signal processing methods, particularly the SuperSmoother filter and an EMA-based smoother, which help reduce noise while preserving meaningful price movements.
It transforms price into a normalized oscillator using logarithmic price changes, then smooths these signals to detect momentum shifts.
A moving average (SMA) of the oscillator is used as a baseline for detecting crossovers (bullish momentum) and crossunders (bearish momentum).
🔹 Key Features
Overbought/Oversold Zones
Configurable levels let traders define where the market may be overstretched.
The script dynamically tracks the lowest oscillator values during oversold conditions and the highest oscillator values during overbought conditions, ensuring signals are context-aware.
Histogram & Signal Line
The histogram highlights the difference between the signal and its moving average.
Positive values (green) suggest bullish strength, while negative values (red) suggest bearish pressure.
Buy & Sell Signals
Buy signals (▲) appear when the oscillator crosses above its baseline from an oversold level.
Sell signals (▼) appear when the oscillator crosses below its baseline from an overbought level.
Small circles (•) are plotted at every crossover/crossunder, providing extra clarity even when levels are not extreme.
Ehlers Filters for Noise Reduction
By applying Ehlers’ smoothing, the indicator minimizes false signals in choppy markets and helps focus on meaningful swings.
🔹 How to Use
Look for buy opportunities when the oscillator generates a ▲ signal from oversold conditions.
Look for sell opportunities when the oscillator generates a ▼ signal from overbought conditions.
The histogram helps visualize momentum shifts, and traders can combine this with price action, trendlines, or volume analysis for confirmation.
⚠️ Important Notes
This is not a guaranteed buy/sell system. It is a technical analysis tool intended to support decision-making.
Past performance does not guarantee future results. Always confirm signals with other strategies and risk management practices.
The script is designed for standard candlestick charts only. It should not be used for Heikin Ashi, Renko, Kagi, Point & Figure, or Range charts as they can produce misleading results.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.