PROTECTED SOURCE SCRIPT
TRADE ORBIT:- HA + EMAs + Classical RSI Divergence
Heiken Ashi 3-Candle Background
Green background: 3 consecutive bullish Heiken Ashi candles
Red background: 3 consecutive bearish Heiken Ashi candles
Provides a clear visual of short-term momentum
Exponential Moving Averages (EMA)
EMA 5, 8, 15, 34, 50, 126, 200
Helps identify trend direction and dynamic support/resistance levels
Bollinger Bands (BB)
BB Basis, Upper, and Lower Bands
Measures volatility and highlights potential overbought/oversold conditions
Classical RSI Divergence Detection
Bullish divergence: Price makes lower lows while RSI makes higher lows → signals potential upward reversal
Bearish divergence: Price makes higher highs while RSI makes lower highs → signals potential downward reversal
Divergence is plotted as clear labels above/below bars for easy identification
Benefits:
Combines momentum, trend, and volatility analysis in one indicator
Highlights potential trade entries and exits visually
Can be used on multiple timeframes
Reduces chart clutter by combining EMAs, BB, HA, and RSI divergence
How to Use:
Look for HA background confirming short-term trend (green for bullish, red for bearish).
Check EMA alignment for trend confirmation.
Use Bollinger Bands to spot volatility extremes.
Watch RSI divergence labels to anticipate potential reversals.
Green background: 3 consecutive bullish Heiken Ashi candles
Red background: 3 consecutive bearish Heiken Ashi candles
Provides a clear visual of short-term momentum
Exponential Moving Averages (EMA)
EMA 5, 8, 15, 34, 50, 126, 200
Helps identify trend direction and dynamic support/resistance levels
Bollinger Bands (BB)
BB Basis, Upper, and Lower Bands
Measures volatility and highlights potential overbought/oversold conditions
Classical RSI Divergence Detection
Bullish divergence: Price makes lower lows while RSI makes higher lows → signals potential upward reversal
Bearish divergence: Price makes higher highs while RSI makes lower highs → signals potential downward reversal
Divergence is plotted as clear labels above/below bars for easy identification
Benefits:
Combines momentum, trend, and volatility analysis in one indicator
Highlights potential trade entries and exits visually
Can be used on multiple timeframes
Reduces chart clutter by combining EMAs, BB, HA, and RSI divergence
How to Use:
Look for HA background confirming short-term trend (green for bullish, red for bearish).
Check EMA alignment for trend confirmation.
Use Bollinger Bands to spot volatility extremes.
Watch RSI divergence labels to anticipate potential reversals.
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.