This indicator plots a fast and a slow EMA, 5 and 13 by default, on the price chart and gives a buy or sell signal when they cross, optionally requiring the signal candle to close in the same direction.
1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
306 lines of Pine Script v5 from Bakome_Buy_Sell_Indicator_v5.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
Bakome_Buy_Sell_Indicator_v5.pine
//@version=5
indicator('Bakome buy sell mejor ', overlay=true)
// ============================================
// CONFIGURABLE PARAMETERS
// ============================================
emaFastLen = input.int(5, 'Fast EMA', minval=1)
emaSlowLen = input.int(13, 'Slow EMA', minval=1)
atrLen = input.int(14, 'ATR Period', minval=1)
atrMultSL = input.float(0.5, 'SL Multiplier (ATR)', minval=0.1, step=0.1)
riskReward = input.float(3.0, 'Risk:Reward (R:R)', minval=1.0, step=0.5)
confirmCandle = input.bool(true, 'Require candle confirmation')
// EMA Settings
showEmaFastLabel = input.bool(true, 'Show Fast EMA', group='EMAs')
emaFastColor = input.color(color.green, 'Fast EMA Color', group='EMAs')
showEmaSlowLabel = input.bool(true, 'Show Slow EMA', group='EMAs')
emaSlowColor = input.color(color.orange, 'Slow EMA Color', group='EMAs')
// ============================================
// EMA AND ATR CALCULATIONS
// ============================================
emaFast = ta.ema(close, emaFastLen)
emaSlow = ta.ema(close, emaSlowLen)
atr = ta.atr(atrLen)
// ============================================
// TREND LOGIC
// ============================================
bullTrend = emaFast > emaSlow
bearTrend = emaFast < emaSlow
trendChange = bullTrend != bullTrend[1]
// ============================================
// ENTRY SIGNALS
// ============================================
buyCondition1 = bullTrend and trendChange and close > open
sellCondition1 = bearTrend and trendChange and close < open
buyCondition2 = bullTrend and trendChange
sellCondition2 = bearTrend and trendChange
buySignal = confirmCandle ? buyCondition1 : buyCondition2
sellSignal = confirmCandle ? sellCondition1 : sellCondition2
// ============================================
// POSITION MANAGEMENT
// ============================================
var float entryPrice = na
var float stopLoss = na
var float takeProfitFinal = na
var bool inPosition = false
var string positionType = ''
// Arrays for intermediate TPs
var float[] tpLevels = array.new_float(0)
var bool[] tpHitFlags = array.new_bool(0)
// ============================================
// CLOSING POSITIONS
// ============================================
tpFinalHit = false
slHit = false
invalidated = false
// Check TP/SL in active position
if inPosition and positionType == 'LONG'
if high >= takeProfitFinal
tpFinalHit := true
inPosition := false
positionType := ''
else if low <= stopLoss
slHit := true
inPosition := false
positionType := ''
if inPosition and positionType == 'SHORT'
if low <= takeProfitFinal
tpFinalHit := true
inPosition := false
positionType := ''
else if high >= stopLoss
slHit := true
inPosition := false
positionType := ''
// Check intermediate TPs (mark only once)
if inPosition and array.size(tpLevels) > 0
for i = 0 to array.size(tpLevels) - 1
if not array.get(tpHitFlags, i)
if positionType == 'LONG' and high >= array.get(tpLevels, i)
array.set(tpHitFlags, i, true)
else if positionType == 'SHORT' and low <= array.get(tpLevels, i)
array.set(tpHitFlags, i, true)
// ============================================
// INVALIDATION AND NEW ENTRIES
// ============================================
// Variables to show signals
showBuySignal = false
showSellSignal = false
var string invalidatedType = ''
if buySignal
// Only process if NO active LONG position
if not inPosition or positionType != 'LONG'
// Mark invalidation if there was a SHORT
if inPosition and positionType == 'SHORT'
invalidated := true
invalidatedType := 'SELL'
inPosition := false
// New LONG entry
entryPrice := close
stopLoss := low - atr * atrMultSL
risk = entryPrice - stopLoss
takeProfitFinal := entryPrice + risk * riskReward
// Create intermediate TPs
array.clear(tpLevels)
array.clear(tpHitFlags)
numTPs = math.floor(riskReward)
for i = 1 to numTPs - 1
array.push(tpLevels, entryPrice + risk * i)
array.push(tpHitFlags, false)
inPosition := true
positionType := 'LONG'
showBuySignal := true
if sellSignal
// Only process if NO active SHORT position
if not inPosition or positionType != 'SHORT'
// Mark invalidation if there was a LONG
if inPosition and positionType == 'LONG'
invalidated := true
invalidatedType := 'BUY'
inPosition := false
// New SHORT entry
entryPrice := close
stopLoss := high + atr * atrMultSL
risk = stopLoss - entryPrice
takeProfitFinal := entryPrice - risk * riskReward
// Create intermediate TPs
array.clear(tpLevels)
array.clear(tpHitFlags)
numTPs = math.floor(riskReward)
for i = 1 to numTPs - 1
array.push(tpLevels, entryPrice - risk * i)
array.push(tpHitFlags, false)
inPosition := true
positionType := 'SHORT'
showSellSignal := true
// ============================================
// VISUALIZATION
// ============================================
// EMAs
plot(emaFast, title='Fast EMA', color=color.new(emaFastColor, 0), linewidth=1,
display=showEmaFastLabel ? display.all : display.none)
plot(emaSlow, title='Slow EMA', color=color.new(emaSlowColor, 0), linewidth=1,
display=showEmaSlowLabel ? display.all : display.none)
// Entry Signals - KEY CHANGE: use showBuySignal and showSellSignal
plotshape(showBuySignal, 'BUY Signal', shape.labelup, location.belowbar,
color.new(color.lime, 0), text='BUY', textcolor=color.white, size=size.small)
plotshape(showSellSignal, 'SELL Signal', shape.labeldown, location.abovebar,
color.new(color.red, 0), text='SELL', textcolor=color.white, size=size.small)
// Final TP and SL
plotshape(tpFinalHit, 'FINAL TAKE PROFIT', shape.circle, location.abovebar,
color.new(#00ff00, 0), text='ð¯ TP',
textcolor=#00ff00, size=size.small)
plotshape(slHit, 'STOP LOSS', shape.xcross, location.belowbar,
color.new(#ff0000, 0), text='SL', textcolor=color.white, size=size.small)
// Separate invalidation signals
plotshape(invalidated and invalidatedType == 'BUY', 'INVALIDATED BUY', shape.diamond, location.abovebar,
color.new(color.yellow, 0), text='INV BUY', textcolor=color.rgb(97, 100, 107), size=size.tiny)
plotshape(invalidated and invalidatedType == 'SELL', 'INVALIDATED SELL', shape.diamond, location.abovebar,
color.new(color.yellow, 0), text='INV SELL', textcolor=color.rgb(97, 100, 107), size=size.tiny)
// Intermediate TPs (mark only the first time reached)
var bool[] tpAlreadyMarked = array.new_bool(0)
// Initialize marker array when there is a new position
if showBuySignal or showSellSignal
array.clear(tpAlreadyMarked)
numTPs = math.floor(riskReward)
for i = 1 to numTPs - 1
array.push(tpAlreadyMarked, false)
// Show labels only once per TP
if inPosition and array.size(tpHitFlags) > 0 and array.size(tpAlreadyMarked) > 0
for i = 0 to array.size(tpHitFlags) - 1
// If TP is hit AND has not been marked before
if array.get(tpHitFlags, i) and not array.get(tpAlreadyMarked, i)
label.new(bar_index, high,
'TP' + str.tostring(i + 1),
style=label.style_label_down,
color=color.new(color.green, 50),
textcolor=color.white,
size=size.tiny,
yloc=yloc.abovebar)
array.set(tpAlreadyMarked, i, true)
// Risk management lines
var line entryLine = na
var line slLine = na
var line tpLineFinal = na
var line[] tpIntermediateLines = array.new_line(0)
if inPosition and positionType != ''
// Entry
if na(entryLine)
entryLine := line.new(bar_index - 10, entryPrice, bar_index + 10, entryPrice,
color=color.new(color.white, 0), width=1, style=line.style_dashed)
else
line.set_xy1(entryLine, bar_index - 10, entryPrice)
line.set_xy2(entryLine, bar_index + 10, entryPrice)
// Stop Loss
if na(slLine)
slLine := line.new(bar_index, stopLoss, bar_index + 1, stopLoss,
color=color.new(color.red, 0), width=2)
else
line.set_xy1(slLine, bar_index, stopLoss)
line.set_xy2(slLine, bar_index + 1, stopLoss)
// Final Take Profit
if na(tpLineFinal)
tpLineFinal := line.new(bar_index, takeProfitFinal, bar_index + 1, takeProfitFinal,
color=color.new(color.green, 0), width=2)
else
line.set_xy1(tpLineFinal, bar_index, takeProfitFinal)
line.set_xy2(tpLineFinal, bar_index + 1, takeProfitFinal)
// Intermediate TPs (soft green lines)
if array.size(tpIntermediateLines) == 0 and array.size(tpLevels) > 0
for i = 0 to array.size(tpLevels) - 1
tpLine = line.new(bar_index, array.get(tpLevels, i), bar_index + 1,
array.get(tpLevels, i), color=color.new(color.green, 60),
width=1, style=line.style_dotted)
array.push(tpIntermediateLines, tpLine)
else if array.size(tpIntermediateLines) > 0
for i = 0 to array.size(tpIntermediateLines) - 1
line.set_xy1(array.get(tpIntermediateLines, i), bar_index, array.get(tpLevels, i))
line.set_xy2(array.get(tpIntermediateLines, i), bar_index + 1, array.get(tpLevels, i))
else
if not na(entryLine)
line.delete(entryLine)
entryLine := na
if not na(slLine)
line.delete(slLine)
slLine := na
if not na(tpLineFinal)
line.delete(tpLineFinal)
tpLineFinal := na
if array.size(tpIntermediateLines) > 0
for i = 0 to array.size(tpIntermediateLines) - 1
line.delete(array.get(tpIntermediateLines, i))
array.clear(tpIntermediateLines)
// ============================================
// INFO TABLE
// ============================================
var table infoTable = table.new(position.top_right, 2, 5,
bgcolor=color.new(color.black, 85), border_width=1)
if barstate.islast
table.cell(infoTable, 0, 0, 'Status:', text_color=color.white, text_size=size.small)
table.cell(infoTable, 1, 0, inPosition ? positionType : 'No Position',
text_color=inPosition ? color.yellow : color.gray, text_size=size.small)
if inPosition
table.cell(infoTable, 0, 1, 'Entry:', text_color=color.white, text_size=size.small)
table.cell(infoTable, 1, 1, str.tostring(entryPrice, '#.##'),
text_color=color.white, text_size=size.small)
table.cell(infoTable, 0, 2, 'Stop Loss:', text_color=color.white, text_size=size.small)
table.cell(infoTable, 1, 2, str.tostring(stopLoss, '#.##'),
text_color=color.red, text_size=size.small)
table.cell(infoTable, 0, 3, 'Take Profit:', text_color=color.white, text_size=size.small)
table.cell(infoTable, 1, 3, str.tostring(takeProfitFinal, '#.##'),
text_color=color.green, text_size=size.small)
riskVal = math.abs(entryPrice - stopLoss)
rewardVal = math.abs(takeProfitFinal - entryPrice)
currentRR = rewardVal / riskVal
table.cell(infoTable, 0, 4, 'R:R:', text_color=color.white, text_size=size.small)
table.cell(infoTable, 1, 4, str.tostring(currentRR, '#.##') + ':1',
text_color=color.orange, text_size=size.small)
// ============================================
// ALERTS
// ============================================
alertcondition(showBuySignal, 'ð¢ BUY Signal', 'ð BUY on {{ticker}} | Price: {{close}}')
alertcondition(showSellSignal, 'ðŽ SELL Signal', 'ð SELL on {{ticker}} | Price: {{close}}')
alertcondition(tpFinalHit, 'ð¯ Final Take Profit', 'â Final TP hit on {{ticker}} | Price: {{close}}')
alertcondition(slHit, 'â Stop Loss', 'ð SL triggered on {{ticker}} | Price: {{close}}')
alertcondition(invalidated, 'â ïž Entry Invalidated', 'â ïž Previous entry invalidated on {{ticker}} | New signal detected')
Overview
For each signal it draws an entry, an ATR-based stop loss and a final take profit set by a risk-reward ratio, with dotted intermediate target lines. An info table shows status and levels, and alerts cover signals, targets, stops and invalidation by an opposite signal.
Fast and slow EMA crossover signals
ATR-based stop and risk-reward take profit
Intermediate target lines and info table
Alerts for signals, targets, stops and invalidation
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast EMA
int
5
emaFastLen
Slow EMA
int
13
emaSlowLen
ATR Period
int
14
atrLen
SL Multiplier (ATR)
float
0.5
atrMultSL
Risk:Reward (R:R)
float
3.0
riskReward
Require candle confirmation
bool
true
confirmCandle
Show Fast EMA
bool
true
showEmaFastLabel
Fast EMA Color
color
color.green
emaFastColor
Show Slow EMA
bool
true
showEmaSlowLabel
Slow EMA Color
color
color.orange
emaSlowColor
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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