A BUY triangle appears when the fast EMA crosses above the slow one while RSI is above 55 and ATR exceeds a fraction of its 20-bar average. A SELL triangle appears on the opposite cross with RSI below 45 under the same volatility check. Alert conditions are provided for both signals. It generates signals only and has no stop or target logic.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast EMA
int
21
fastEMA
Slow EMA
int
55
slowEMA
RSI Length
int
14
rsiLen
ATR Length
int
14
atrLen
ATR Filter
float
0.8
atrFilter
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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