1M/2M Scalping BUY/SELL Indicator

Script Name: CHN BUY SELL v5 — Multi-Timeframe EMA + RSI + Candlestick Patterns
This script is a powerful multi-signal trading tool designed for scalping and trend-based strategies, combining multi-timeframe EMA, RSI-based conditions, and classic candlestick patterns to generate buy/sell signals.

🔧 Key Features:
Multi-Timeframe EMA 200:

Plots the EMA 200 from multiple timeframes (2m, 5m, 10m, 15m) to visualize higher timeframe trends on the current chart.

RSI Analysis:

Calculates RSI using configurable length.

Highlights Overbought and Oversold zones.

Custom bar coloring based on RSI level (e.g., orange when overbought, purple when oversold).

Candlestick Pattern Detection:

Bullish/Bearish Engulfing

Hammer & Shooting Star

Two Consecutive Green or Red Bars

Buy/Sell Signal Logic:

Generates buy/sell labels when RSI aligns with engulfing candle patterns or other configurations.

Optional pattern detection can be enabled/disabled via settings (e.g., hammer signals or two-bar confirmations).

Visuals:

Clear labels and shapes on chart for each signal type.

Multiple EMA lines help identify trend direction across timeframes.

Alerts:

Built-in alert conditions for:

General RSI signal

Buy/Sell signals

Hammer or Shooting Star detections

🧠 How to Use:
Apply this script to a low timeframe chart (e.g., 1m, 2m).

Example : Trade 2M chart - Use EMA 200 at 10M timeframes.

Use the higher timeframe EMA to trade in the direction of the major trend.

Watch for RSI + pattern confluence signals for higher probability entries.

Let me know if you'd like a shorter version or one tailored for publishing to the TradingView public library.