OPEN-SOURCE SCRIPT
5 EMA MEINUDDIN
Sell Signal: The previous candle closes above the 5 EMA, does not touch it, and the next candle breaks or crosses the previous candle's low or body.
Buy Signal: The previous candle closes below the 5 EMA, does not touch it, and the next candle breaks or crosses the previous candle's high or body.
Sell Signal:
no_touch_above_ema: Checks if the previous candle is above the 5 EMA and doesn’t touch it.
break_or_cross_low_or_body: Validates that the next candle breaks the low or body of the previous candle.
Buy Signal:
no_touch_below_ema: Ensures the previous candle is below the 5 EMA and doesn’t touch it.
break_or_cross_high_or_body: Validates that the next candle breaks the high or body of the previous candle.
plotshape:
Displays "Sell" signals as red downward arrows above the candles.
Displays "Buy" signals as green upward arrows below the candles.
How to Use:
Copy the script into the Pine Editor in TradingView.
Save and apply it to your chart.
Look for red "Sell" labels and green "Buy" labels when the respective conditions are met.
Let me know if you need further modifications!
Buy Signal: The previous candle closes below the 5 EMA, does not touch it, and the next candle breaks or crosses the previous candle's high or body.
Sell Signal:
no_touch_above_ema: Checks if the previous candle is above the 5 EMA and doesn’t touch it.
break_or_cross_low_or_body: Validates that the next candle breaks the low or body of the previous candle.
Buy Signal:
no_touch_below_ema: Ensures the previous candle is below the 5 EMA and doesn’t touch it.
break_or_cross_high_or_body: Validates that the next candle breaks the high or body of the previous candle.
plotshape:
Displays "Sell" signals as red downward arrows above the candles.
Displays "Buy" signals as green upward arrows below the candles.
How to Use:
Copy the script into the Pine Editor in TradingView.
Save and apply it to your chart.
Look for red "Sell" labels and green "Buy" labels when the respective conditions are met.
Let me know if you need further modifications!
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