OPEN-SOURCE SCRIPT
Empty Candle

//version=5
indicator("5–6 signals per day (Stable)", overlay=true)
// ─────── Inputs ───────
emaLen = input.int(50, "EMA Length", minval=10)
rsiLen = input.int(14, "RSI Length", minval=5)
volMult = input.float(1.3, "Volume multiplier", minval=1.0, step=0.1)
rsiOverb = input.int(65, "RSI Overbought", minval=50, maxval=90)
rsiOvers = input.int(35, "RSI Oversold", minval=10, maxval=50)
// ─────── Calculations ───────
ema = ta.ema(close, emaLen)
rsi = ta.rsi(close, rsiLen)
volMA = ta.sma(volume, 20)
// ─────── Trend ───────
bullTrend = close > ema
bearTrend = close < ema
volSpike = volume > volMA * volMult
// ─────── Base conditions ───────
baseBuy = bullTrend and rsi < rsiOvers and volSpike and close > open
baseSell = bearTrend and rsi > rsiOverb and volSpike and close < open
// ─────── EMA press logic ───────
emaPressBuy = close > open and open < ema and close > ema
emaPressSell = close < open and open > ema and close < ema
// ─────── Final signals ───────
buyCond = baseBuy or emaPressBuy
sellCond = baseSell or emaPressSell
// ─────── Signals (STRICTLY BAR-ANCHORED) ───────
plotshape(
buyCond,
title="BUY",
style=shape.triangleup,
location=location.belowbar,
color=color.lime,
size=size.small
)
plotshape(
sellCond,
title="SELL",
style=shape.triangledown,
location=location.abovebar,
color=color.red,
size=size.small
)
// ─────── EMA ───────
plot(ema, title="EMA", color=color.new(color.blue, 30), linewidth=2)
indicator("5–6 signals per day (Stable)", overlay=true)
// ─────── Inputs ───────
emaLen = input.int(50, "EMA Length", minval=10)
rsiLen = input.int(14, "RSI Length", minval=5)
volMult = input.float(1.3, "Volume multiplier", minval=1.0, step=0.1)
rsiOverb = input.int(65, "RSI Overbought", minval=50, maxval=90)
rsiOvers = input.int(35, "RSI Oversold", minval=10, maxval=50)
// ─────── Calculations ───────
ema = ta.ema(close, emaLen)
rsi = ta.rsi(close, rsiLen)
volMA = ta.sma(volume, 20)
// ─────── Trend ───────
bullTrend = close > ema
bearTrend = close < ema
volSpike = volume > volMA * volMult
// ─────── Base conditions ───────
baseBuy = bullTrend and rsi < rsiOvers and volSpike and close > open
baseSell = bearTrend and rsi > rsiOverb and volSpike and close < open
// ─────── EMA press logic ───────
emaPressBuy = close > open and open < ema and close > ema
emaPressSell = close < open and open > ema and close < ema
// ─────── Final signals ───────
buyCond = baseBuy or emaPressBuy
sellCond = baseSell or emaPressSell
// ─────── Signals (STRICTLY BAR-ANCHORED) ───────
plotshape(
buyCond,
title="BUY",
style=shape.triangleup,
location=location.belowbar,
color=color.lime,
size=size.small
)
plotshape(
sellCond,
title="SELL",
style=shape.triangledown,
location=location.abovebar,
color=color.red,
size=size.small
)
// ─────── EMA ───────
plot(ema, title="EMA", color=color.new(color.blue, 30), linewidth=2)
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.