Trend-Based Buy/Sell Signals

2 days ago

//version=5
indicator("Trend-Based Buy/Sell Signals", overlay=true)

// Input parameters
ema_short = input(9, title="Short EMA")
ema_long = input(21, title="Long EMA")

// Calculating EMAs
ema1 = ta.ema(close, ema_short)
ema2 = ta.ema(close, ema_long)

// Define buy and sell conditions
buy_condition = ta.crossover(ema1, ema2) // Short EMA crosses above Long EMA
sell_condition = ta.crossunder(ema1, ema2) // Short EMA crosses below Long EMA

// Plot EMAs
plot(ema1, color=color.green, title="Short EMA")
plot(ema2, color=color.red, title="Long EMA")

// Buy and Sell Signals
bgcolor(buy_condition ? color.new(color.green, 90) : na, title="Buy Signal Background")
bgcolor(sell_condition ? color.new(color.red, 90) : na, title="Sell Signal Background")
plotshape(series=buy_condition, style=shape.labelup, color=color.green, location=location.belowbar, title="Buy Signal")
plotshape(series=sell_condition, style=shape.labeldown, color=color.red, location=location.abovebar, title="Sell Signal")

// Basic Trend Visualization
high_line = ta.highest(high, 50)
low_line = ta.lowest(low, 50)
plot(high_line, color=color.blue, linewidth=2, title="High Trend Line")
plot(low_line, color=color.orange, linewidth=2, title="Low Trend Line")

// Alerts
alertcondition(buy_condition, title="Buy Alert", message="Buy Signal Triggered!")
alertcondition(sell_condition, title="Sell Alert", message="Sell Signal Triggered!")