This TradingView script is an advanced buy/sell signal generator, designed to help traders make informed decisions based on multiple technical indicators. The indicator is built for precision and clarity, combining EMA Crossovers, RSI levels, and MACD Histogram to identify potential buying and selling opportunities.
Features:
EMA Crossovers: Uses two customizable EMAs (short and long) to identify trend changes.
RSI Levels: Ensures trades are executed only when the RSI confirms momentum (avoiding overbought/oversold traps).
MACD Histogram: Confirms the strength of momentum for higher accuracy.
Visual Signals:
Buy Signals: Displayed with green labels and arrows below bars when conditions are met.
Sell Signals: Displayed with red labels and arrows above bars when conditions are met.
Customizable Inputs: Adjust EMA lengths, RSI levels, and MACD parameters to suit your trading strategy.
Alerts: Configurable alerts for Buy and Sell signals so you never miss an opportunity.
Usage:
Designed for 45-minute and 5-minute timeframes.
Works well for both trend-following and momentum-based strategies.
Add this script to your chart, customize the parameters, and start analyzing buy/sell opportunities.
Disclaimer: This script is for educational purposes and does not guarantee profits. Always backtest and combine with proper risk management strategies.