OPEN-SOURCE SCRIPT
Ustad e Muhtram Buy/Sell Signal
// Pine Script (TradingView) for Custom High-Accuracy Indicator
//version=5
indicator("Ustad e Muhtram Buy/Sell Signal", overlay=true)
// Define inputs
fastLength = input(9, title="Fast EMA")
slowLength = input(21, title="Slow EMA")
rsiLength = input(14, title="RSI Length")
adxLength = input(14, title="ADX Length")
atrLength = input(14, title="ATR Length")
// Calculate EMAs
emaFast = ta.ema(close, fastLength)
emaSlow = ta.ema(close, slowLength)
// RSI Calculation
rsi = ta.rsi(close, rsiLength)
// ADX Calculation
[dmiPlus, dmiMinus, adx] = ta.dmi(adxLength)
// ATR Calculation
atr = ta.atr(atrLength)
// Buy/Sell Conditions
buyCondition = ta.crossover(emaFast, emaSlow) and rsi > 50 and adx > 20
sellCondition = ta.crossunder(emaFast, emaSlow) and rsi < 50 and adx > 20
// Plot Buy/Sell Signals
plotshape(buyCondition, location=location.belowbar, color=color.green, style=shape.labelup, title="BUY Signal")
plotshape(sellCondition, location=location.abovebar, color=color.red, style=shape.labeldown, title="SELL Signal")
//version=5
indicator("Ustad e Muhtram Buy/Sell Signal", overlay=true)
// Define inputs
fastLength = input(9, title="Fast EMA")
slowLength = input(21, title="Slow EMA")
rsiLength = input(14, title="RSI Length")
adxLength = input(14, title="ADX Length")
atrLength = input(14, title="ATR Length")
// Calculate EMAs
emaFast = ta.ema(close, fastLength)
emaSlow = ta.ema(close, slowLength)
// RSI Calculation
rsi = ta.rsi(close, rsiLength)
// ADX Calculation
[dmiPlus, dmiMinus, adx] = ta.dmi(adxLength)
// ATR Calculation
atr = ta.atr(atrLength)
// Buy/Sell Conditions
buyCondition = ta.crossover(emaFast, emaSlow) and rsi > 50 and adx > 20
sellCondition = ta.crossunder(emaFast, emaSlow) and rsi < 50 and adx > 20
// Plot Buy/Sell Signals
plotshape(buyCondition, location=location.belowbar, color=color.green, style=shape.labelup, title="BUY Signal")
plotshape(sellCondition, location=location.abovebar, color=color.red, style=shape.labeldown, title="SELL Signal")
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.