Beary
Sell Entry Point Indicative Script
Last updated
Sell Entry Point Indicative Script
Last updated
About:
Beary is categorized as a band-type indicator that highlights the upper limits of the market. In simpler terms, when the market begins to experience an upward movement, this indicator provides insights into potential points of resistance. Its name itself implies that when the market reaches this band, it could be an opportunity to consider selling in the market.
Additionally, when the market enters the selling zone, basic candlestick patterns can be employed to make informed decisions when entering the market.
Specifications:
Market: Forex, Stocks, Crypto, Options, Indices, and Futures
Timeframe: 30 minutes and beyond
Type: Tradebox Indicative Algo
Trading Style: All (scalping, swing, intraday, and position trading)
Assets & Charts: All
Setting Rules: None
How to use:
As indicated by the yellow arrow in the image, whenever a candle in a rising market surpasses and closes above this specific band, it indicates substantial buying activity within that segment.
In essence, this indicative AI enables us to leverage both selling and buying advantages based on the prevailing market conditions.
The recommended time frame for optimal utilization is 30 minutes and beyond.
Note:
Beary indicative AI uses proprietary algorithms, complex logic and mathematical equations to analyze price movements and identify potential trading opportunities. These algorithms construct bands around a central price line, visually representing price volatility and possible support and resistance levels.
By understanding the characteristics of different Tradebox band indicators and combining them with other technical analysis tools, traders can develop effective trading strategies and make more informed decisions in the financial markets.
As with any trading tool, it’s essential to test your use of Beary Indicative AI to align with your specific trading objectives and risk tolerance.