OPEN-SOURCE SCRIPT
KP - RSI >= 70 & EMA Trend Filter (Daily trend - buy mode)
Explanation of the Code:
Inputs:
You can adjust the RSI length and EMA lengths using the input parameters.
Conditions:
rsiCondition: Checks if RSI is >= 70.
emaCondition: Checks if 9 EMA > 20 EMA > 50 EMA.
trendCondition: Checks if the price is above all three EMAs (confirming a positive trend).
Plotting:
The EMAs and RSI are plotted on the chart for visual confirmation.
Buy Signal:
When all conditions are met, the background is highlighted in green, and a "BUY" label is displayed.
Alerts:
You can set up alerts to notify you when the buy signal is triggered
Inputs:
You can adjust the RSI length and EMA lengths using the input parameters.
Conditions:
rsiCondition: Checks if RSI is >= 70.
emaCondition: Checks if 9 EMA > 20 EMA > 50 EMA.
trendCondition: Checks if the price is above all three EMAs (confirming a positive trend).
Plotting:
The EMAs and RSI are plotted on the chart for visual confirmation.
Buy Signal:
When all conditions are met, the background is highlighted in green, and a "BUY" label is displayed.
Alerts:
You can set up alerts to notify you when the buy signal is triggered
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