Precision Entry Signals (RSI + MA12 Logic)

Description:

This script provides precise entry signals based on a clean confluence of MA12 breakouts and RSI momentum, filtered by a VWMA (Volume-Weighted Moving Average) of the RSI.

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🔹 Long entry conditions:

- Candle opens below the 12-period MA and closes above it

- RSI crosses above its VWMA

- Previous candle is bearish (additional confirmation)

🔹 Short entry conditions:

- Candle opens above the 12-period MA and closes below it

- RSI crosses below its VWMA

- Previous candle is bullish

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Once a signal is confirmed, the script automatically draws:

Entry line (at close price)

Stop Loss line (just below recent lows for long, or above highs for short)

Take Profit 1 (1R)

Take Profit 2 (2R)

Labels are attached to the lines for clarity: ENTRY, SL, TP1, and TP2.

⚠️ Note: This tool only provides entry signals and visual risk/reward guidance. It does not manage exits dynamically. Manual trade management is recommended.

This script is intended for active intraday traders, especially on lower timeframes like 3-minute, 5-minute or 15-minute charts.

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🔧 Recommended companion indicator:

For better confirmation and visual tracking of the RSI/VWMA cross logic, it is strongly recommended to also use the companion script:

🔹 Relative Strength Index (with MA based cross signals)
→ Shows RSI and its moving average visually, with triangle plots on every valid cross.
→ Matches exactly the RSI/VWMA behavior used in this entry signal script.

📌 Important:
After adding the RSI script to your chart, make sure to set:

RSI Length = 14

MA Type = VWMA

MA Length = 20

This ensures it visually matches the logic used by the entry signal script.

Both indicators are fully open source and meant to be used together — especially when trading manually.https://www.tradingview.com/x/mqmFjPAN/