📌 Talha's Pro Signal - Description
Talha's Pro Signal is a trend-following indicator that combines Exponential Moving Averages (EMA), Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) to provide precise Buy and Sell signals.
🔍 How it Works?
1️⃣ Trend Detection:
The script uses EMA 9 & EMA 21 crossover to detect trend direction.
When EMA 9 crosses above EMA 21, it indicates a bullish trend (Buy Signal).
When EMA 9 crosses below EMA 21, it indicates a bearish trend (Sell Signal).
2️⃣ Momentum Confirmation (RSI & MACD):
RSI (14) > 50 confirms bullish momentum.
MACD Line > Signal Line confirms buying strength.
Opposite conditions confirm selling strength.
3️⃣ Stop-Loss & Take-Profit Calculation:
Uses ATR (14) for dynamic SL & TP calculation.
Stop-loss = 1.5 × ATR.
Take-profit = 2 × ATR.
🎯 Best Used For:
✅ Suitable for Forex, Crypto, and Stocks.
✅ Works best on higher timeframes (15m, 1H, 4H, Daily).
✅ Helps traders avoid false signals by combining trend + momentum confirmation.
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