OPEN-SOURCE SCRIPT
SPY EMA Envelope & Momentum Strategy
Indicator Description:
This script combines the EMA Envelope (50) with RSI (14) and MACD (12, 26, 9) to identify optimal buy and sell signals based on price momentum.
Features:
✅ EMA Envelope (50): Defines dynamic support/resistance levels
✅ RSI (14): Identifies overbought/oversold conditions for confirmation
✅ MACD (12, 26, 9): Detects trend momentum shifts
✅ Buy Signals: Triggered when price touches the lower EMA Envelope, RSI is oversold, and MACD shows bullish crossover
✅ Sell Signals: Triggered when price reaches the upper EMA Envelope, RSI is overbought, and MACD shows bearish crossover
✅ Custom Alerts: Get notified when buy or sell conditions are met
Best For:
📈 Intraday & Swing Trading on SPY, stocks, crypto, and forex
This script combines the EMA Envelope (50) with RSI (14) and MACD (12, 26, 9) to identify optimal buy and sell signals based on price momentum.
Features:
✅ EMA Envelope (50): Defines dynamic support/resistance levels
✅ RSI (14): Identifies overbought/oversold conditions for confirmation
✅ MACD (12, 26, 9): Detects trend momentum shifts
✅ Buy Signals: Triggered when price touches the lower EMA Envelope, RSI is oversold, and MACD shows bullish crossover
✅ Sell Signals: Triggered when price reaches the upper EMA Envelope, RSI is overbought, and MACD shows bearish crossover
✅ Custom Alerts: Get notified when buy or sell conditions are met
Best For:
📈 Intraday & Swing Trading on SPY, stocks, crypto, and forex
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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Feragatname
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