RSI and EMA crossover with big candles

2 days ago

This TradingView indicator identifies big bullish and bearish candles using RSI, EMA crossovers, and wick analysis. It helps traders spot potential trend continuation or reversal points by labeling significant price movements and providing real-time alerts.

NOTE: THIS WORKS BEST ON 2 MINS TIME FRAME ONLY

Key Features:
✅ Big Candle Detection:

Detects large candles based on body size and recent price action.
Differentiates between bullish (green) and bearish (red) candles.
✅ Wick Analysis & RSI Filtering:

Ensures candles have relatively small wicks for stronger signals.
RSI confirmation:
Bullish signals require RSI above 59.
Bearish signals require RSI below 40.
✅ Candle Counting & Labeling:

Labels bullish and bearish candles with sequential numbers.
Adds PUTS and CALLS labels when an 8 EMA crosses the 21 EMA.
Adjusts label positioning for better visibility.
✅ Configurable Alerts for #2 Candle:

Alerts trigger when the second bullish or bearish candle is detected.
Users can enable/disable alerts from the script settings.
✅ EMA Crossover Signals:

Bullish crossover (8 EMA above 21 EMA): Displays a "CALLS" label below the candle.
Bearish crossover (8 EMA below 21 EMA): Displays a "PUTS" label above the candle.
Usage:
📊 Trend Confirmation: Use the big candle signals + EMA crossover for stronger trade setups.
🔔 Alerts: Get notified when the second big candle forms.
📉 Reversals & Continuation Patterns: Identify shifts in momentum early.

This script is perfect for traders looking for a clean and powerful price action-based indicator with automated alerts. 🚀

yesterday

Release Notes

This is fun script

yesterday

Release Notes

Adjusted the wick percentage.