OPEN-SOURCE SCRIPT

EMA + Volume + RSI Buy/Sell Signals

54
//version=5
indicator("EMA + Volume + RSI Buy/Sell Signals", overlay=true)

// === Inputs ===
ema20 = ta.ema(close, 20)
ema50 = ta.ema(close, 50)
ema200 = ta.ema(close, 200)
rsi = ta.rsi(close, 14)

// === Conditions ===
// Price % change from yesterday
priceChange = (close - close[1]) / close[1] * 100

// Volume condition
volCondition = volume > 1.5 * volume[1]

// RSI
rsiOverbought = rsi > 70
rsiOversold = rsi < 30

// Price move conditions
priceUp5 = priceChange > 5
priceDown5 = priceChange < -5

// === Buy & Sell Conditions ===
buySignal = close > ema20 and close > ema50 and close > ema200 and priceUp5 and volCondition and rsiOversold
sellSignal = close < ema20 and close < ema50 and close < ema200 and priceDown5 and volCondition and rsiOverbought

// === Plot EMAs ===
plot(ema20, color=color.yellow, title="EMA 20")
plot(ema50, color=color.blue, title="EMA 50")
plot(ema200, color=color.red, title="EMA 200")

// === Plot Signals on Chart ===
plotshape(buySignal, title="BUY Signal", style=shape.labelup, color=color.green, text="BUY", location=location.belowbar, size=size.normal)
plotshape(sellSignal, title="SELL Signal", style=shape.labeldown, color=color.red, text="SELL", location=location.abovebar, size=size.normal)

// === Background Highlight for Visuals ===
bgcolor(buySignal ? color.new(color.green, 85) : na)
bgcolor(sellSignal ? color.new(color.red, 85) : na)

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