OPEN-SOURCE SCRIPT
Buy & Sell by AnupamKafle
This indicator provides Buy and Sell signals based on a combination of classic technical analysis tools: EMA Crossovers, RSI, MACD, and optional Bollinger Bands.
✅ Buy signals are shown as green arrows below bars
✅ Sell signals are shown as red arrows above bars
📊 Logic Overview:
EMA Crossover: Fast EMA crossing over the Slow EMA = Bullish signal
RSI Filter: RSI below oversold threshold = Buy condition, above overbought = Sell condition
MACD Filter: MACD line crossing above Signal line = Buy, crossing below = Sell
Bollinger Bands (optional): Buy when price breaks below lower band, Sell when price breaks above upper band
All filters can be turned on or off individually to customize the signal conditions to your strategy.
⚙️ Settings Include:
Enable/Disable each indicator (EMA, RSI, MACD, BB)
Custom lengths for EMA, RSI, MACD, and BB
Adjustable RSI thresholds and Bollinger Band deviation
🔔 Alerts:
Built-in alert conditions for Buy and Sell signals allow you to set up real-time notifications.
✅ Buy signals are shown as green arrows below bars
✅ Sell signals are shown as red arrows above bars
📊 Logic Overview:
EMA Crossover: Fast EMA crossing over the Slow EMA = Bullish signal
RSI Filter: RSI below oversold threshold = Buy condition, above overbought = Sell condition
MACD Filter: MACD line crossing above Signal line = Buy, crossing below = Sell
Bollinger Bands (optional): Buy when price breaks below lower band, Sell when price breaks above upper band
All filters can be turned on or off individually to customize the signal conditions to your strategy.
⚙️ Settings Include:
Enable/Disable each indicator (EMA, RSI, MACD, BB)
Custom lengths for EMA, RSI, MACD, and BB
Adjustable RSI thresholds and Bollinger Band deviation
🔔 Alerts:
Built-in alert conditions for Buy and Sell signals allow you to set up real-time notifications.
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.