This Pine script is the result after I have read the book of Jason Perl "DeMark Indicators".
There are multiple indicators within this script because the book suggest to use them all together.
The following indicators are present within this script:
Bearisflip, Bullisflip, SellSetup, BuySetup, SellCountdown, BuyCountdown.
Trend lines for support and...
When the market is giving the signals for bullish trend, which shows the shorter period exponential(20) moving average crossing the longer period moving average(50), with a strength shown in the market i.e. RSI greater than 40.
So when all these conditions are met a buy signal is generated in output (Output of Ema cross and Rsi) having value as 1.
So a trader can...