OPEN-SOURCE SCRIPT
Daily Buy Signal – RSI/EMA21
Daily Buy Signal – RSI/EMA21
A simple technical signal that identifies potential daily buy opportunities using RSI and EMA21 alignment.
This script generates a daily buy signal when momentum and trend strength align.
The signal triggers when the price closes above the 21-period EMA and the RSI(14) crosses above the 50 level, or when both the RSI stays above 50 and the price shifts from closing below the EMA21 to closing above it.
A label is plotted below the candle, and the script includes an alert condition so users can receive real-time notifications.
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.