This indicator generates trend-following trade signals on the price chart by combining moving average crossovers with multi-factor filters. It triggers entry alerts when fast and slow EMAs cross in the direction of a baseline trend EMA, confirmed by non-extrem
Indicator · Pine Script v6 · On the chart
Lesson 5 Buy Sell Logic Demo
This Pine Script indicator plots fast and slow EMA lines on the price chart to identify trend direction.
GitHub stars1on the repository
Pine versionv6current
Lines of code32
Settings4inputs
LicenceCustom licence
Last update2 months ago7 Aug 2026
Add It to Your TradingView Chart
- 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
Lesson 5 Buy Sell Logic Demo applies RSI and MACD filters to confirm momentum strength and checks volume against its average for confirmation. Buy signals trigger on fast EMA crossing above slow EMA combined with RSI above 50, MACD line above signal line, and volume above average. Sell signals occur on the opposite conditions. Chart background colors green for bullish trend or red for bearish trend. The main settings adjust the EMA lengths, RSI period, and volume average length. It draws all elements directly on the price chart with no separate pane.
- EMA trend
- RSI filter
- MACD filter
- Volume filter
- Buy sell signals
Details
Published by
jayadevrana on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
crypto-tradingemaforexindicatormarket-analysispine-scriptpinescriptstock-markettechnical-analysistradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 9 | fastLength |
| Slow EMA | int | 21 | slowLength |
| RSI Length | int | 14 | rsiLength |
| Volume Average | int | 20 | volumeLength |
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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