Simple Guide: How to Use the Meme Coin Buy Signal Indicator for Beginners 🚀
This TradingView indicator by ashar helps new traders find safer times to buy meme coins like BANANAS31, by matching three key things:
1. Fast MA (5-period) crosses above Slow MA (13-period) → shows a short-term price move up
2. Volume spike: current volume is at least 2 times the average of the past 10 periods → means strong buying interest
3. Bitcoin alignment: only signals if Bitcoin price is in an uptrend, above its 20-day moving average → market sentiment is positive
✅ Why this helps beginners:
You get clear entry signals rather than guessing
Volume spikes filter out weak price moves
Bitcoin trend adds confirmation, reducing risk
How to use it step‑by‑step:
1. Open TradingView and add the Meme Coin Buy Signal Indicator (ashar’s script)
2. Wait for the green arrow or signal when all three conditions line up
3. Always check Bitcoin trend is positive
4. Use small trade size and set a stop‑loss to manage your risk
Ideal for:
New traders who want a simple, objective way to trade meme coins without overthinking.
Hashtags to use:
#Crypto #Binance #MemeCoin #TradingView #BeginnerTips