Trend BUY Signal — Indicator by Swamikan_RajaJesupatham

Trend BUY Signal for stocks based on 10 / 30 EMA Crossover, Close above 200 EMA and Close above 3.5 percent of last 100 days' low

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Want to use this script on a chart?

study("Trend BUY Signal")
ma1 = 10, ma2 = 30, ma3 = 200, lval = 100, pc = 3.5
MvgAvg1 = ema(close, ma1)
MvgAvg2 = ema(close, ma2)
MvgAvg3 = ema(close, ma3)
LowVal = lowest(lval)
pcChange = (1+(pc/100))*LowVal

signal = iff(((MvgAvg1 > MvgAvg2) and (close > MvgAvg3) and (close > pcChange)),1,0)
plot(signal)