Bearish Strategy Signal

Overview
This Bearish Strategy Signal Pine Script for TradingView helps traders identify potential sell opportunities based on a combination of multiple technical indicators, aiming to reduce false signals and increase the probability of successful trades. The script combines trend , momentum , breakout , and volume confirmation for generating high-confidence sell signals.

Technical Indicators Used
1. Moving Averages (50-period and 200-period):
- Determines whether the market is in a downtrend. A 50-period moving average below the 200-period moving average is a strong bearish trend confirmation.

2. MACD (Moving Average Convergence Divergence):
- Confirms bearish momentum when the MACD line crosses below the signal line .

3. RSI (Relative Strength Index):
- Indicates if the market is in a bearish zone (below 50 ) and confirms strength when RSI crosses under 50 .

4. Bollinger Bands:
- Confirms potential breakdowns when the price is below the middle Bollinger Band , suggesting a bearish continuation.

5. Volume:
- Confirms the bearish move when volume is greater than its 20-period moving average , indicating strong selling interest.


How the Script Works
This script generates red "SELL" labels above the bars whenever all of the following conditions are met:

1. The 50-day moving average is below the 200-day moving average , confirming a bearish trend.
2. The MACD line crosses below the signal line , signaling a momentum shift to the downside.
3. The RSI is below 50 and crosses under this level, signaling increasing bearish strength.
4. The price breaks below the middle Bollinger Band , confirming a breakdown in price.
5. The volume is above the 20-period average , supporting the bearish move with strong sell pressure.

User Configuration
- Moving Average Lengths : The 50-day and 200-day moving averages can be configured.
- MACD Settings : The Fast Length (12), Slow Length (26), and Signal Length (9) for the MACD can be adjusted.
- RSI Settings : The RSI Length (14) and RSI Threshold (default 50) are configurable.
- Bollinger Bands Settings : The Bollinger Bands Length (20) and Std Dev (2.0) can be adjusted.
- Volume Settings : The Volume SMA Length (20) can be adjusted to filter for strong volume spikes.

How to Use the Script
1. Open TradingView and go to the Pine Editor .
2. Paste the provided code into the editor.
3. Click Add to Chart to see the signals on your chart.
4. Adjust the settings to suit your preferences.
5. Watch for red "SELL" labels above the bars to identify bearish signals.