Multi-Timeframe Trend Strategy

6 hours ago

//version=5
indicator("Multi-Timeframe Trend Strategy", overlay=true)

// Inputs for EMA
ema50_length = input(50, title="50 EMA Length")
ema200_length = input(200, title="200 EMA Length")

// Inputs for RSI
rsi_length = input(14, title="RSI Length")
rsi_overbought = input(70, title="RSI Overbought Level")
rsi_oversold = input(30, title="RSI Oversold Level")

// EMA calculations
ema50 = ta.ema(close, ema50_length)
ema200 = ta.ema(close, ema200_length)

// RSI calculation
rsi = ta.rsi(close, rsi_length)

// MACD calculations
[macdLine, signalLine, _] = ta.macd(close, 12, 26, 9)

// Plot EMAs
plot(ema50, color=color.blue, linewidth=2, title="50 EMA")
plot(ema200, color=color.red, linewidth=2, title="200 EMA")

// Conditions for Long Entry
long_condition = (close > ema200) and (ta.crossover(close, ema50)) and (rsi > 50 and rsi < rsi_overbought) and (macdLine > signalLine)

// Conditions for Short Entry
short_condition = (close < ema200) and (ta.crossunder(close, ema50)) and (rsi < 50 and rsi > rsi_oversold) and (macdLine < signalLine)

// Plot Buy/Sell Signals
plotshape(long_condition, location=location.belowbar, color=color.green, style=shape.labelup, text="BUY", title="Buy Signal")
plotshape(short_condition, location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL", title="Sell Signal")

// Alerts
alertcondition(long_condition, title="Long Alert", message="Buy Signal Detected!")
alertcondition(short_condition, title="Short Alert", message="Sell Signal Detected!")