The provided script integrates multiple technical indicators—Exponential Moving Averages (EMA), Lorentzian Average, Average Directional Index (ADX), Moving Average Convergence Divergence (MACD), and SuperTrend—to generate buy and sell signals. Here's a breakdown of the criteria used for these signals:
Buy Signal Criteria:
A buy signal is triggered when any of the following conditions are met:
EMA Fast Crosses Above Lorentzian Line: The 7-period EMA crosses above the 21-period Lorentzian average.
EMA Fast Crosses Above EMA Slow: The 7-period EMA crosses above the 19-period EMA, and both are above the Lorentzian line.
EMA Fast Slope Exceeds Threshold: The slope of the 7-period EMA is greater than 0.4%.
Price Closes Above Lorentzian Line: The current closing price is above the Lorentzian line.
SuperTrend Turns Bullish: The SuperTrend indicator shifts to a bullish trend.
Sell Signal Criteria:
A sell signal is generated when the following condition is met:
Two Consecutive Closes Below Lorentzian Line: The price closes below the Lorentzian line for two consecutive periods.
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