How to Start Trading – Buy & Sell Signals for Beginners!

Have you ever opened a chart and felt like you’re staring at an abstract painting? I certainly have - and I’ll admit, my first months in trading were pure chaos: dozens of indicators contradicting each other, and constant doubt about when to actually pull the trigger. Thankfully, there are straightforward tools that let you “catch the wave” without diving deep into technical analysis. Today, I’ll introduce you to my go‑to helper -the NIMLAB BUY/SELL Signals indicator - and show you how pairing it with classic RSI and moving averages (MA) gives you more reliable signals on the 1‑hour timeframe.

Why the 1‑Hour Timeframe Works

I like starting on the hourly chart (1H) because it strikes a sweet spot:

• Less noise than minute charts—fewer false breakouts.
• More signals than daily charts—perfect for active trading without staring at your screen all day.
• You can check in once an hour, make a couple of clicks, and get on with your day until the next signal.

At its core, NIMLAB draws two channel boundaries: a “cool” lower band and a “warm” upper band. When price touches the lower band, you get a green BUY arrow; when it touches the upper band, a red SELL arrow appears. You simply watch for arrows—no complex formulas to memorize. Bonus: repeat signals are hidden until the trend reverses, so you won’t see a clutter of arrows on your chart.

To install it:

1. Open TradingView.
2. Search for “nimlab” or paste this link: https://www.tradingview.com/script/JgZuw0rq-nimlab-buy-sell-signals/
3. Click Add to Chart—and voilà, your arrows are live.

Adding RSI for Confirmation

If NIMLAB were the sole judge, you could trade on it alone—but I prefer extra confirmation. Enter the Relative Strength Index (RSI), a classic oscillator that flags overbought and oversold conditions (default 14‑period, levels at 70/30):

• Above 70 → market likely overbought (consider taking profit or waiting for a SELL).
• Below 30 → market likely oversold (prime condition for a BUY).

When a NIMLAB BUY arrow appears while RSI is below 30 - or just bouncing up from there - you get a stronger signal. Likewise for SELL, RSI above 70 or rolling over adds confidence.

Using Moving Averages to Gauge Trend

Another simple tool is moving averages (MA). I commonly use SMA(50) or EMA(21) to see the market’s direction:

• Price above MA → bullish trend.
• Price below MA → bearish trend.

If NIMLAB signals a BUY and price sits above your MA, odds favor an upside move. If price is below, you might skip or trade smaller.

Putting It All Together: Step‑by‑Step

1. Choose your asset and set the timeframe to 1H.
2. Add NIMLAB BUY/SELL Signals (adjust arrow colors if you like).
3. Attach RSI(14) with 70/30 levels.
4. Overlay MA—either SMA(50) or EMA(21).
5. Wait for signals: BUY when a green arrow appears, RSI is under 30 (or just turning up), and price is above the MA (optional). SELL when a red arrow shows, RSI is above 70 (or just rolling over), and price is below the MA.
6. Enter the trade with a Stop Loss just beyond the NIMLAB channel band (add a few ticks for safety). Set Take Profit at the opposite band or use a fixed risk‑reward (e.g., 2:1).

Recently on BTC/USD, a BUY arrow popped as price touched the lower NIMLAB band. RSI was around 28 and had just turned upward, while price hovered above SMA(50). I entered, placed my Stop Loss 50 points below the candle’s low, and set Take Profit 100 points above entry. Thirty minutes later, my profit target hit—my gain was twice my risk, all thanks to simple arrows and basic confirmations.

Risk Management Tips for Newbies

• Risk only 1–2% of your account per trade.
• Keep a trading journal: note your entry criteria, outcomes, and lessons learned.
• Don’t chase every arrow - sometimes it’s smarter to skip a setup.
• Diversify across assets; don’t bet everything on one signal.

The NIMLAB BUY/SELL Signals indicator gives beginners an easy entry point into trading: clear arrows showing where to buy and sell. When you back it up with RSI and a moving average, you get a straightforward, rules‑based strategy on the 1H chart - no deep dive into technical math required. Try it on demo first, see how it feels, and only then switch to real capital. Happy trading, and remember: simplicity is a trader’s best ally!