OPEN-SOURCE SCRIPT

Profit Filter RSI+MACD

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//version=5
indicator("Profit Filter RSI+MACD", overlay=true)

// Trend filter
ema200 = ta.ema(close, 200)

// RSI
rsi = ta.rsi(close, 14)

// MACD
macd = ta.ema(close,12) - ta.ema(close,26)
signal = ta.ema(macd,9)

// Long signal
longCond = close > ema200 and rsi < 30 and ta.crossover(macd, signal)
// Short signal
shortCond = close < ema200 and rsi > 70 and ta.crossunder(macd, signal)

// Plot signals
plotshape(longCond, title="Long Entry", location=location.belowbar,
color=color.green, style=shape.labelup, text="LONG")
plotshape(shortCond, title="Short Entry", location=location.abovebar,
color=color.red, style=shape.labeldown, text="SHORT")

// Plot EMA
plot(ema200, "EMA 200", color=color.orange)

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