PROTECTED SOURCE SCRIPT
TMC Strategy - Simplified Buy/Sell Signals
//version=5
indicator("TMC Strategy - Simplified Buy/Sell Signals", overlay=true)
// Input parameters
emaLength = input.int(20, title="EMA Length")
rsiLength = input.int(10, title="RSI Length")
macdFast = input.int(12, title="MACD Fast Length")
macdSlow = input.int(26, title="MACD Slow Length")
macdSignal = input.int(9, title="MACD Signal Length")
// Calculate indicators
ema = ta.ema(close, emaLength)
rsi = ta.rsi(close, rsiLength)
[macdLine, signalLine, _] = ta.macd(close, macdFast, macdSlow, macdSignal)
// Trend condition
uptrend = close > ema
downtrend = close < ema
// Momentum condition
rsiBullish = rsi > 50
rsiBearish = rsi < 50
// MACD condition
macdBullish = ta.crossover(macdLine, signalLine)
macdBearish = ta.crossunder(macdLine, signalLine)
// Buy and Sell Signals
buySignal = uptrend and rsiBullish and macdBullish
sellSignal = downtrend and rsiBearish and macdBearish
// Plot Buy and Sell Signals
plotshape(series=buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY", size=size.small)
plotshape(series=sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL", size=size.small)
// Optional: Plot EMA for visual reference
plot(ema, title="EMA", color=color.blue, linewidth=2)
indicator("TMC Strategy - Simplified Buy/Sell Signals", overlay=true)
// Input parameters
emaLength = input.int(20, title="EMA Length")
rsiLength = input.int(10, title="RSI Length")
macdFast = input.int(12, title="MACD Fast Length")
macdSlow = input.int(26, title="MACD Slow Length")
macdSignal = input.int(9, title="MACD Signal Length")
// Calculate indicators
ema = ta.ema(close, emaLength)
rsi = ta.rsi(close, rsiLength)
[macdLine, signalLine, _] = ta.macd(close, macdFast, macdSlow, macdSignal)
// Trend condition
uptrend = close > ema
downtrend = close < ema
// Momentum condition
rsiBullish = rsi > 50
rsiBearish = rsi < 50
// MACD condition
macdBullish = ta.crossover(macdLine, signalLine)
macdBearish = ta.crossunder(macdLine, signalLine)
// Buy and Sell Signals
buySignal = uptrend and rsiBullish and macdBullish
sellSignal = downtrend and rsiBearish and macdBearish
// Plot Buy and Sell Signals
plotshape(series=buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY", size=size.small)
plotshape(series=sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL", size=size.small)
// Optional: Plot EMA for visual reference
plot(ema, title="EMA", color=color.blue, linewidth=2)
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.