The 50 Exponential Moving Average is a trend indicator
You can find bullish momentum when the 50 ema crossed over or a bearish momentum when the 50 ema crossed under we are looking to take advantage by trading the reversion of these trends.
True strength index (TSI) is a trend momentum indicator
Readings are bullish when the True Strength Index shows positive values
Readings are bearish when the indicator displays negative values.
When a value is above 20, we look for selling overbought opportunity and when the value is under 20, we look for buying oversold opportunity.
You can select the pair of your choice in the settings.
Make sure to create an alert and choose any alerts then an alert will trigger when a price cross under or cross over the 50 ema for every pair separately.
This allow the user to verify if there is a trade set up or not.
This post and the script don’t provide any financial advice.
I added the Vector Color column from infernixx trader reality version
can be found here :
Description of the Vector Color column
Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars
where the product of candle spread x candle volume is >= the highest for the 10 previous
chart time TFs.
Default Colors: Bull bars are green and bear bars are red.
Situation "Volume Rising Above Average"
Bars with volume >= 150% of the average volume of the 10 previous chart TFs.
Default Colors: Bull bars are blue and bear are blue-violet.
I fixed alerts errors
I added input so you can create alert with the ema of your choice.
I added TSI alerts and overbought and oversold input. They are set by default at -30 and 30. You
can change them in the setting. Higher inputs are suitable for crypto.
I added bool input so you can select which alert you want.
Select your input and wait for the indicator to load up. Then create your alert.
Notice that during weekend the indicator needs to be open on a crypto chart. If you open it on a
closed market chart the indicator will not work.
Note: When you're on a closed market chart, the indicator will show everything as closed market even when they are not. Switch to a chart which the market is open and the indicator will work fine.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.