Buy/Sell Signals - Multi-Condition combines the Relative Strength Index (RSI) with fast and slow Exponential Moving Averages (EMA) to identify trend pullback opportunities.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Buy/Sell Signals - Multi-Condition displays buy signals when the RSI drops below an oversold threshold during an established uptrend, and sell signals when the RSI exceeds an overbought threshold in a downtrend. The script plots customizable EMA lines, shape markers on signal bars, and background highlights for overbought or oversold conditions directly on the price chart. Users can adjust RSI levels, EMA lengths, and display toggles.
Dual EMA trend filtering
RSI oversold and overbought zone detection
Chart buy and sell signal shape markers
Background color shading for extreme RSI conditions
Built-in alert conditions for buy and sell signals
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI Length
int
14
rsi_length
RSI Oversold Level
int
40
rsi_oversold
RSI Overbought Level
int
60
rsi_overbought
Fast EMA Period
int
20
ema_fast
Slow EMA Period
int
50
ema_slow
Show EMA Lines
bool
true
show_emas
Show Buy Labels
bool
true
show_buy_labels
Show Sell Labels
bool
true
show_sell_labels
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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