By Stoic TraderUpdated
Does Compass give buy or sell signals?
No. Compass publishes chart context. It does not place entries, stops, targets, or position size.
No. Compass does not give buy or sell signals. It publishes Green, Red, or Yellow chart context after the bar closes. You still choose the setup, entry, stop, size, exit, and whether to trade.
What Compass does
After the current candle finishes, Compass publishes a color. Green favors looking for long setups. Red favors looking for short setups. Yellow means pause and reassess.
What you still do
- Wait for the bar to close and read the latest color.
- Check whether the market and timeframe in your plan support that read.
- Wait for your own setup. If it is not there, there is no trade.
- Define the entry, stop, size, and exit before putting capital at risk.
Read the current chart display
The updated Compass includes Trend Ribbon, a price-colored 200 EMA and yellow range warnings. See the current feature and setup guide for settings, candle styles and alerts.
Complete Compass documentation
Get Stoic Edge Compass
Invite-only TradingView access is $49 monthly or $497 annually.