OPEN-SOURCE SCRIPT
Berdins indicator (EMA + POC + RSI Signals + Alerts)
This script is a KS-style lookalike indicator (for educational purposes only):
- Plots 3 EMAs:
• EMA 20 (red)
• EMA 50 (blue)
• EMA 238 (orange)
- Calculates a simplified Point of Control (POC) line based on volume over the last N bars
- Generates Buy/Sell signals when RSI momentum aligns with EMA trend direction
- Includes alerts for both Buy and Sell signals
Use case: Designed to help visualize market trend, key levels, and potential entry/exit points.
- Plots 3 EMAs:
• EMA 20 (red)
• EMA 50 (blue)
• EMA 238 (orange)
- Calculates a simplified Point of Control (POC) line based on volume over the last N bars
- Generates Buy/Sell signals when RSI momentum aligns with EMA trend direction
- Includes alerts for both Buy and Sell signals
Use case: Designed to help visualize market trend, key levels, and potential entry/exit points.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.