OPEN-SOURCE SCRIPT
Updated Rahul Prakash's BUY/SELL signal for momentum trade
Buy or Sell signal with just on one confirmation candle.
Show a Buy singal then wait for the confirmation candle, is a strong Buy signal.
Show a Sell singal then wait for the confirmation candle, is a strong Sell signal.
You can use as a free version and earn money. Please are taking lots of price for this type of indicator.
Show a Buy singal then wait for the confirmation candle, is a strong Buy signal.
Show a Sell singal then wait for the confirmation candle, is a strong Sell signal.
You can use as a free version and earn money. Please are taking lots of price for this type of indicator.
Release Notes
Buy or Sell signal with just on one confirmation candle.Show a Buy singal then wait for the confirmation candle, is a strong Buy signal.
Show a Sell singal then wait for the confirmation candle, is a strong Sell signal.
You can use as a free version and earn money. People are taking lots of price for this type of indicator.
Release Notes
Buy or Sell signal with just on one confirmation candle.Show a Buy singal then wait for the confirmation candle, is a strong Buy signal.
Show a Sell singal then wait for the confirmation candle, is a strong Sell signal.
You can use as a free version and earn money. People are taking lots of price for this type of indicator.
Release Notes
Updated the Status into the Table.If Buy signal comes: 'Table status column will show the 'BUY' status.
If Sell signal comes: 'Table status column will show the 'SELL' status.
Else, '?'
Release Notes
Updated Bollinger Band condition and label for Bollinger Band and ADX also in the Table for Buy/Sell signal.Release Notes
Label updatesRelease Notes
Update ADX value must be greater than 14 for momentum trading.Release Notes
Rahul Momentum BUY/SELL IndicatorAdvanced Multi-Layer Confirmation for Precision Trading
This indicator is a high-probability momentum trading system designed by combining multiple technical factors into a single powerful framework. It integrates EMA trend alignment, RSI strength, ADX trend confirmation, Bollinger Band positioning, Volume analysis, VWAP filter, Stochastic momentum, and trendline breakout logic to generate reliable BUY and SELL signals.
How It Works:
The system first identifies trend direction using EMA alignment, ensuring trades are taken only in the dominant trend. Momentum strength is confirmed through RSI (≥60 for buy / ≤40 for sell) and ADX (>14) to avoid weak or sideways markets. Price location relative to Bollinger Bands and VWAP ensures entries are aligned with institutional zones. Additionally, volume confirmation and strong candle structure validate participation, while a linear regression-based trendline breakout filters false entries.
Key Features & Benefits:
Multi-indicator confluence reduces false signals
Smart signal tracking prevents overtrading
Built-in exit logic using EMA 5 crossover (Next buy/sell signal will be available, once buil-in exit condition comes)
Works effectively in trending markets
Suitable for all timeframes and indices
Ideal Usage:
Intraday: Captures fast momentum moves
Positional: Holds trend continuation trades
Long-term: Identifies early trend reversals and breakouts
👉 Overall, this indicator enhances entry precision, trend clarity, and disciplined exits, helping traders improve consistency and risk management.
Note: Avoid Buy/Sell signals in the sideways market.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.